World trade is rising, albeit from a low base - Nomura

In view of the analysts at Nomura, world trade is accelerating as the global exports are rising at their fastest rate for two years and export orders in the PMIs point to this trend continuing which comes from a low base, however, with trade growth over the past decade the weakest on record.

Key Quotes

“While some argue that the opening up of China over the past 30 years means that low-hanging fruit has been taken in terms of expanding global trade, there are a number of other countries whose global trade shares relative to population and GDP are exceptionally low and could therefore benefit from increased trade going forward.”