The most influential factors in world trade in 2024 are as follows, according to the United Nations Conference on Trade and Development (UNCTAD). World trade and the economy Positive economic growth, but with significant disparities. Global GDP growth forecasts remain at around 3% for 2024, but are still
The U.S. economy is on track for a soft landing, according to Patricia Krause, chief economist for Latin America, and Ruben Nizard, chief economist for North America at French credit insurer Coface. After growing 1.9% in 2022, U.S. GDP rose 2.5% in 2023, while Cofece projected in January
World light vehicle production will grow 9% in 2023, to 79 million 818,000 units, according to information from S&P Global. To note: light vehicles are automobiles designed to transport passengers and cargo efficiently and comfortably, with a relatively low overall weight compared to other types of vehicles such
In addition to their continued dependence on international capital markets, many emerging economies are also highly dependent on international trade, including exports of oil and other commodities. Fidelity Hastings Street Trust reports that these economies are particularly vulnerable to downturns in the global economy. In recent years, emerging
Universal Electronics Inc. is carrying out a program to reduce its operations in Mexico with a plan to become more efficient. With manufacturing operations in Monterrey, the company is engaged in the design and manufacture of remote control and smart home technology products and solutions in China, Mexico,
The most important strategic win for Bombardier Defense in 2023 came at the end of the year, when the U.S. Army selected the Global 6500 aircraft to serve as the High Accuracy Exploitation and Detection System (HADES) prototype. According to the company, this will be the first time