The World Trade Organization (WTO) reported that for the first time since 2009 global trade volumes have declined. During the third quarter of this year, the gross number of goods sent abroad from one country to another were fewer than the amount of those traded during the third quarter of last year. Though the negative was small, they always are to start with, it's never a good thing when fewer goods are moved around.
Despite worldwide population expansion and the presumed gain of wealthier economies due to a boom everyone had been talking about, the WTO says that trade volumes peaked during that last third quarter. According to the same data, total trade values, that is, the monetary value of goods being traded factoring prices and currency translation, peaked the quarter before.
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