China Trade Rebounds, But Global Outlook Still Gloomy
• China's exports likely grew 1.7% in December, ending a 6-month slump • Improving trade data suggests global conditions slowly turning a corner • Analysts expect interest rates to drop 1.5% in 2023, improving demand • Evidence of cyclical upturn in electronics sector driving trade rebound • But forecasts for 2023 global trade remain "pessimistic," says UN report