The HSBC ‘Global Connections’ report, which examines global trade trends during the next five, ten and 15 years, also finds that US export growth to Europe is expected to recover to a pace of 6% per year during the period of 2012 to 2020.
The HSBC trade forecasts, produced in association with Oxford Economics, examine bilateral trade corridors between 23 major trading nations and reveals:
• India and China will be joined by emerging trading nations including Vietnam, Indonesia, Egypt, Turkey, Mexico and Poland to record significant trade growth in the next three years.
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