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Rapidly expanding global trade in coming years and changing trade patterns indicate that U.S. companies will have to work harder to win market share, according to HSBC’s recently updated trade forecast.

It shows international trade accelerating in 2014 instead of 2015 as the bank previously forecasted. Global trade is now expected to grow at an annualized rate of 3.8% over the next five years, and will pick up to an annualized rate of 6.23% a year from 2017 through 2021.

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