Trade presents as a very mixed story for countries in the Indo-Pacific region – there appears to be both peril and opportunity ahead.
On the peril side – lockdowns, disrupted supply chains, security tension and travel restrictions.
What’s on the opportunity side?
Not much, but we should be optimistic.
The plunge in world trade could be bottoming out. Weak global growth could turn into moderate growth. Closed borders might soon open. And tensions around key areas of trade, technology and security (ie around China) could stop festering.
Or maybe pigs might fly?
What do you think is ahead?