HSBC economists said in a report that if AI-related demand weakens, global trade growth may slow. They pointed out that global trade is still closely related to the AI cycle, and in nominal terms, related commodities have driven 80% of global export growth.

HSBC economists said in a report that if AI-related demand weakens, global trade growth may slow. They pointed out that global trade is still closely related to the AI cycle, and in nominal terms, related commodities have driven 80% of global export growth.