Too Long; Didn't Read
Global GDP rose by 2.2% in 2019, the slowest since the financial crisis of 2008 - 2009. The World Trade Organization believes that new technology can help to reduce trade global trade costs, allowing for increased global economic growth. We can expect to see an increase in efficiency, reduction of costs, and reduction of barriers to entry. However, this wouldn't be without its challenges, which is due to strict data privacy regulations in Europe, regulations that could make it different for companies to exchange data.