News / Trade wars could return us to the days of the Depression, governments warned

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Shippers have called on world governments to back away from trade wars that threaten the global economy.

But despite the current protectionist tendencies, a report out today shows that the outlook for world trade continues to improve.

DHL’s global trade barometer increased to 66 points in March from 64 points in January and is gaining momentum.

Global air trade has dropped slightly, but remains very positive at 70, while ocean trade rose to 63 points from 60.

However, despite this confidence, at its general assembly in Hong ...