The world is paying a lot more for its goods and services.
The global economic slowdown has created a glut of goods, according to research by McKinsey.
In its annual report released Tuesday, the company said that in 2016, the global economy spent $1.6 trillion on goods and $2.1 trillion on services.
That’s more than double the $1 trillion spent in 2009.
The global economy now spends more than $20 trillion annually on goods.
This year’s growth in goods spending comes despite a global slowdown, as the global population continues to grow and the global stock of goods continues to fall.
In addition, the world’s economies are slowing down at a faster pace than the United States economy, which has continued to grow in recent years.
The world’s stock of trade is also slowing down.
As a result, goods are falling into the hands of fewer people.
The McKinsey report estimates that global trade reached $1,831 trillion in 2016.
That is up $6.5 trillion from 2015, when it reached $931 trillion.
The United States lost $5.5 billion on its trade with China and Europe during the year, and lost $2 billion on trade with Japan.
In total, McKinsey said that global economic activity is expected to grow by 2 percent in 2017.
It expects the economy to grow 2.9 percent in 2018.
The report projects that economic activity will grow 2 percent next year.
The slowdown has made it more expensive for consumers to buy more goods, with prices on consumer goods rising faster than on goods such as cars.
A McKinsey survey of retail and wholesale merchants in the United Kingdom found that in March, the average price of a car rose 13.3 percent from the previous month.
The average price for a new car rose 18.4 percent from February.
In the United Arab Emirates, the cost of a new light truck rose 13 percent from March to the same month last year.
In India, the price of an electric vehicle rose 25 percent from last year to March.
In Russia, the market for consumer goods fell in April by 4.2 percent compared to March, according the National Automobile Manufacturers Association.
That was the worst monthly decline since January.
The U.S. government’s latest Bureau of Economic Analysis reported that gross domestic product fell 0.4 percentage points in March from a year earlier, driven by weaker-than-expected growth in consumer spending and the impact of an unfavorable trade relationship with China.
The government said that a combination of factors led to the slowdown in the economy, including lower oil prices and falling exports.
The country’s biggest manufacturers, General Motors, Ford Motor Co., and General Electric Co., are cutting jobs, the Wall Street Journal reported.
Ford said in a statement that the company is reducing production of some of its vehicles to reduce costs and maintain manufacturing competitiveness.
GM also said it is reducing its workforce by 2,000 positions.
In March, General Electric reported that it had cut 2,200 jobs in the U.K.
The decline in demand from the rest of the world also is weighing on the economy.
The International Monetary Fund expects the U,S.
economy to shrink by 0.6 percent this year and 2.1 percent in 2019.
It projects a contraction of 0.8 percent in 2020 and a contraction to 2.3 per cent in 2021.
In 2019, the U