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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.
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 ...
The Mapping TradeTech: Trade in the Fourth Industrial Revolution report ranks the top ten most transformative technologies for international trade based on a global survey and highlights the top seven trends; The internet of things (IoT), digital payments and e-commerce platforms are the most transformative technologies in trade
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 ...
Guillaume Dabré. This monthly roundup brings you a selection of the latest news and updates on global trade. Top international trade stories: US imposes new tariffs on China imports; Surge in demand for green energy minerals; South Africa considers lodging complaint with WTO over EU's carbon border tax. 1.
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.
4. About 40% of global trade is ‘concentrated’, and this is creating risks. Research by McKinsey shows that importing countries regularly rely on three or fewer nations for supply of a given resource or manufactured good. In fact, this is the case across 40% of all global trade.
Apr 14, 2015. Wage inequality has increased in the past three decades, affecting both developed and developing countries alike. During the same period, international trade flows have grown significantly, with trade in intermediate goods and global production chains taking an increasingly predominant role. Put together, these developments have ...
Beyond 2020: How the world might recover and rebuild, according to experts. We need better alignment between climate and trade. Here's a roadmap. Her appointment comes after a year that has rocked international trade. In October, the WTO forecast a 9.2% decline in the volume of world merchandise trade for 2020, with a 7.2% rise in 2021.