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Global trade growth weakens to +2.1% in 2016 in volume. In 2017, it would grow by a modest +3.1%. Demand shocks, the super slump in commodities prices, currency war, and domesticalization (lesser dependence on trade) explain this disappointing performance. In the medium-term, because of structural shifts and financial fragmentation, growth in the volume of world trade is expected to stay below +4% annually. In this context, companies will have to find new alternatives – such as digitalization - to expand their business.

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