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  "documentTitle": "Transport &amp; Logistics Barometer",
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      "text": "In the first half of 2024, the global economy navigated a challenging environment of uneven growth and persistent risks. A moderate recovery was observed, with significant production increases in China, while advanced economies lagged. Global trade steadily improved throughout the year, with modest growth amid reliance on China and the USA. The WTO Trade Barometer Index rose to 102.7 in October 2024 (up from 100.6 in December 2023). Consequently, global trade is projected to post a 2.7% increase in 2024 according to the WTO. Inflationary pressures eased, but monetary policy remained cautious, with financial conditions staying tight and interest rates declining only gradually.",
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      "text": "All in all, 2024 presented a mix of shifting and challenging framework conditions, marked by ongoing uncertainties and varying impacts across the transport and logistics subsectors.",
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      "text": "Geopolitical tensions and trade disputes caused market volatility, affecting trade and investment flows. Disruptions in the Middle East and the war in Ukraine continued to impact trade routes between Europe and Asia. The ties between the US and China and more generally between geopolitical blocks are weakening. On the contrary, several countries that are not closely aligned with either the US or China – the United Arab Emirates, India, Vietnam, Brazil, and Mexico – are growing their share in global trade, according to the DHL Global Connectedness Tracker.",
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