Recent Release | 07 Jun 2023

The future of trade and B2B payments

Macro Consulting Team

Oxford Economics

Cross-border trade and business payments are shifting in real time. To help identify opportunities amid volatility, this new report by Convera and Oxford Economics offers insights into how global trade will evolve in coming years.

Global trade has remained remarkably resilient in recent years despite significant disruptions from the pandemic, war, and a shifting geopolitical landscape. Going forward, trade will remain an engine of global economic growth, but there will be a reconfiguration of the global trade landscape to adapt to emerging geopolitical, economic, and environmental realities.

B2B relationships are, and will continue to be, a critical component of global trade growth, supported by enablers such as currency exchange. Government policies will be key in this area. However, any products and technologies that help to simplify and reduce cross-border frictions will also play a pivotal role in driving healthy global trade.

To download the report, please complete the form below.

The experts behind the research

Lloyd and Padmasai, members of the Macro Consulting team, a group of world leaders in quantitative economic analysis, working with clients around the globe and across sectors to build models, forecast markets and evaluate interventions using state-of-the art techniques.

Lloyd Barton

Associate Director, Macro Consultancy

Padmasai Varanasi

Senior Economist, Macro Consulting

Read the report

Complete the form below to download the report

Recent trade-related reports

The miracle growth story has further to unfold
The miracle growth story of Vietnam has further to unfold

Vietnam's GDP grew by an average rate of 7% annually in the past three decades, surpassing all its ASEAN regional peers. Although 2023 and 2024 are set to see Vietnam's weakest growth outside of Covid years, we think the pain is short-term.

Find Out More
Chip upcycle is a bright spot, albeit still a dim one
Chip upcycle is a bright spot, albeit still a dim one

The chip sector is profoundly important in some Asian countries, given their role in the global semiconductor supply chain. As such, the ongoing recovery, albeit gradual, will provide some support to these economies amid the slowing global economy and tight domestic monetary policies.

Find Out More
The Economic Impact of China PNTR Repeal

This study provides rigorous analysis to inform policymakers on the potential impact of an escalation in US-China tariffs. We examine how removing China's Permanent Normalized Trade Relations (PNTR) status would affect the US economy, finding that tariffs would cause substantial output and job losses.

Find Out More
Three key idiosyncrasies in Asian trade and why they matter
Three key idiosyncrasies in Asian trade and why they matter

Idiosyncrasies in recent Asian trade data suggest that country-specific factors are becoming more influential and causing some countries' exports to buck cyclical trends. If that continues, the fortunes of regional exporters will diverge further in 2024, though we still think the overall export trend will be subdued.

Find Out More