New data from our most recent Global Trade Index suggested that, at least in the US, the supply crisis was starting to stabilize. “There is more domestic supply and the US companies tend to be larger,” Christian said when asked to explain the discrepancy between how well the US was doing compared to Asia and Europe. “Which also means they tend to be earlier in the queue when they’re ordering from suppliers.”
Data from this latest index showed the US economy recovering faster than expected, rising to only three points off pre-pandemic projections while other parts of the world struggled. China experienced a 10 point loss in transaction volumes after bringing in strict measures to counter the Coronavirus. And both the UK and Eurozone stalled this quarter with the Eurozone posting a 20 point drop in invoice traffic, and the UK showing growth well below global trends.
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