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You have to account for percent of global GDP, the fact that there was a big covid recovery between 2020 and 2022, and the fact there is inflation in the USD.
by bioemerl 4y ago
You have to account for percent of global GDP, the fact that there was a big covid recovery between 2020 and 2022, and the fact there is inflation in the USD.
If you look at the overall trend, trade is a percent of GDP globally peaked in 08 and it's actually been on a slow decline ever since then.