Part 7/10:
These factors collectively point towards an impending slowdown—a clear sign that the housing market, often a leading indicator of economic health, is under stress.
Global Trade Outlook and Future Risks
Adding to domestic concerns, the World Trade Organization (WTO) has forecasted a slowdown in global trade. Given that international trade is vital for economic growth, especially for export-dependent sectors, this forecast raises red flags. Slowing global trade can diminish export opportunities, reduce incomes, and exacerbate inflationary pressures, all while compounding the risk of stagflation.