Deutsche Bank: De-Globalization Trend Not As Clear As It Seems

It is not just recent “populist” elections in the UK and the US that is signaling a move towards de-globalization, but a decided downtrend in the ratio of global trade to GDP in recent years also points to this trend. But is the trend real? A Deutsche Bank report notes both the quantitative and qualitative aspects of the de-globalization trend, but also points to globalization trends that continue in the face of political headwinds. Part of the de-globalization trend is based on the thesis that the Trump administration going to be full-blown protectionist, but Deutsche Bank challenges this common notion….