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International trade is the lifeblood of the world economy, but is subject to constant change from economic, political and environmental forces. Emerging economies have seen their share of total global trade rocket in recent years. China, for instance, is now responsible for 15% of all world exports.
This monthly round-up brings you a selection of the latest news and updates on global trade. Top international trade stories: A new World Bank report highlights global trade challenges and slow recovery; Emerging economies' share of world trade has doubled over past 60 years, UNCTAD says; India sees boom in exports; and more.
This monthly roundup brings you a selection of the latest news and updates on global trade. Top international trade stories: New UN update suggests trade will rebound in 2024; India and EFTA sign new trade deal; Supply chain concerns after cargo ship hits US bridge. 1. Global trade set to rebound in 2024. The latest Global Trade Update from the ...
World trade is picking up again. The OECD expects global trade in goods and services to grow by 2.3% this year and 3.3% in 2025 – more than double the 1% growth seen in 2023. The first OECD Economic Outlook in 2024, published in April, expects falling inflation will enable central banks to start lowering interest rates, but adds that real ...
This monthly round-up brings you a selection of the latest news and updates on global trade. Top international trade stories: Lessons from Davos on the state of global trade; Red Sea shipping attacks "chaotic" for European manufacturers and retailers; European Commission scales back plans to impose tighter controls on outward investment and sensitive technology.
1. Promising rebound in global trade expected for 2024. Global trade will rebound in 2024, with a projected 2.6% growth in the volume of merchandise trade this year and an even more robust 3.3% in 2025, economists predict. World commercial services trade grew 9% in 2023, according to the Global Trade Outlook and Statistics report, published by ...
This is how COVID-19 has affected global trade. This article first appeared on LSE Business Review. Moroccan trade shown by a container port by the coast. 2020 saw some of the largest trade reductions and output volumes for both industrial production and goods trade since WWII. However, global trade recovered quickly from mid-2020.
This monthly roundup brings you a selection of the latest news and updates on global trade. Top international trade stories: BRICS and G20 add members; Rice supplies under strain as India restricts export; Rising sea levels threaten world's biggest ports. 1. BRICS and G20 add new members. The BRICS bloc of emerging market economies has agreed ...
Regional integration was a major topic of the World Economic Forum’s Growth Summit 2023, which took place on 2-3 May. In a session titled Regional Trade and Cooperation in a Fragmenting World, top business and trade officials discussed how best to foster regional trade and how regional cooperation can bolster the global economy.
The Panama Canal. The Panama Canal connects the Atlantic and Pacific Ocean and has been a significant waterway for global trade since its completion in 1914. The geography and construction of the Panama Canal require locks to lift and lower ships as they make their way across the Isthmus of Panama.