mo4ch:>Global trade heading for worst year since financial crisis – ING | Mo4ch News

World trade is on course for its worst year since the financial crisis, with only 0.3 percent growth anticipated in 2019, according to Dutch bank ING.In its analyst note seen by CNBC, the bank said that the downturn in world trade growth at the end of last year has been aggravated by damage from the ongoing US-China trade war.ING Head of International Trade Analysis Raoul Leering projected that 2020 is likely to show growth of about two percent. That improvement could be wiped out if the trade war drags on into next year, he said.Also on rt.comGlobal recession within less than a year if Trump escalates trade war – Morgan StanleyLeering suggested that trade will adjust to better-than-expected first-quarter economic growth in the US, the Eurozone, and China. He, however, noted that the volumes of global trade still have substantial catching up to do before they can match those of last year.ING analysts calculated that trade will grow no more than 0.3 percent in 2019, the worst year sinc…