HSBC’s new quarterly world trade forecaster, HSBC Trade Connections, says that Asia trade will be the key driver of world trade growth by 2025. It is expected that Asia trade volumes will increase by 96% to almost $14 trillion in the period compared to just 73% for total world trade. The forecaster also predicted year-on-year Asia trade growth of 4.8% compared to 3.8% global trade growth up to 2025.
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