Slowing emerging markets and weak Europe spark new global trade worries

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Moody’s has backed Maersk’s recent concerns that China’s GDP growth is falling, and will be less than 7% next year. The ratings agency warned that while it doesn’t necessarily spell global recession, it could dampen global trade for several years. And Europe continues to be weak. Given that this article is from Canada’s Globe and Mail, it also takes a view on North America and the effect the macroeconomic outlook might have on Canada’s ports.