At the Forefront of Trade and Working Capital
Overall, 2018 marked an eventful year for the trade landscape. It was defined by a shift towards protectionist policies in some markets, the outbreak of a trade war between China and the US, and the UK’s preparations for its anticipated departure from the European Union (EU).
At the start of 2019, the economic and political climate remains uncertain for trade, although it also presents some exciting opportunities for exporters. The World Trade Organization has forecast that trade growth will slow to 3.7% in 2019, down from 3.9% in 20181. This is largely down to the on-going trade tensions, as well as the US Federal Reserve’s tighter monetary policy, which sparked volatility in the financial markets during the last quarter of 2018.