A new quarterly forecast of trade and international business, launched today by HSBC, shows world trade increasing by nearly three-quarters between now and 2025, when it will reach $48.5 trillion. That’s up from $27 trillion today. Driving the growth: Brazil, China, Egypt, India, Indonesia and Vietnam.
Egypt’s trade volume, in fact, is predicted to rise by nearly 200 percent by 2025, as many companies in other countries see it as an entré to the Middle East. Trade in India will jump 156 percent, due to its strength in engineering and chemicals. Brazil’s trade volume will grow 144 percent, largely with countries in Asia, including Vietnam and China.