Trade will not see much expansion in 2015. Global trade is beginning to pick up, according to forecasts from insurance-credit company Euler-Hermes. It will grow by only 1.8% this year in value terms (compared with 1.9% in 2014) due to falling oil prices and virtual absence of inflation, while global GDP is expected to expand by around 3% and trade in terms of volume by 4% (compared with 3.3% in 2013). Euler-Hermes says there are three main reasons for this slow growth, viz. austerity around...