" ABOUT CHINA AND EAST ASIA AS MAIN DRIVERS OF GLOBAL GROWTH" BY GOLDILOCKS, 29 MAY

 GOLDILOCKS

Goldilocks 5.28.24  ~  "The OECD’s Lombardelli expects China and East Asia to be the main drivers of global growth, as reported by the Financial Times.

While, based on exports alone, the WTO sees Africa growing faster than any other region this year – up 5.3%, if from a low base. North America (3.6%), the Middle East (3.5%) and Asia (3.4%) should all see moderate export growth, while it expects European exports to trail other regions at just 1.7%."

Do you see these numbers? These numbers are the result of digitizing the shipping ports and the supporting services that keep them running. 

Look closely at the numbers again, and you will see that these numbers are reflective of rising export calculations in trade growth. 

This is a result of rerouting many of our trade routes these last 4 years allowing new demands to increase in the products that go across our waters.

These new demands on goods are in the category of exports. Exports creates demands on the now local currencies being traded around the world. These new currency demands will increase the value of them going forward. 

This is why the World Trade Organization (WTO) has been working on percentage changes earlier this year. The new percentage changes are expected to come out the second half of this year. 

These new percentages will help them to determine credit valuation adjustments for countries regarding their new exchange values. 

WATCH THE WATER.

© Goldilocks 

https://theprint.in/business/global-trade-growth-is-set-to-double-in-2024-heres-why/2089901/