Global Trade Trends Signal Impending Recession

Four troubling global trade trends are signaling consumer weakness in the first quarter of 2023, according to CNBC.

The flow of trade is a real-time and forward-looking indicator of consumer spending and the economy because it shows supply, demand, and consumption, according to the report. Currently, warehouse inventory and rates, manufacturing orders, ocean freight bookings and canceled sailings are all indicating that consumer demand is decreasing.

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