<p>➀ The re-emergence of nationalism and protectionism is undoing the effects of globalisation on world trade.</p><p>➁ Global trade growth stagnated after the financial crisis, during the first Trump administration, and in the wake of the Covid-19 pandemic.</p><p>➂ World trade has seen a peak in 2022, but is expected to drop back in 2023, according to the World Bank.</p>