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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 ...
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 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. Leaders sound warning over decoupling. World leaders have warned that geopolitical tensions are fuelling economic fragmentation and protectionism that threaten global growth. Speaking at the World Economic Forum's Annual Meeting of the New Champions, which took place in Dalian, China, in June, Li Qiang, Premier of the People’s Republic of ...
News in brief: Stories on the economy from around the world The European Central Bank has kept its deposit rate at a record 4.0%, but indicated cuts might be on the horizon. German industrial output rose more than expected in February, up 2.1% on the previous month.
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.
Meanwhile, the IMF’s latest World Economic Outlook puts world trade growth at 3% and 3.3% for 2024 and 2025, respectively, despite revising down its projections from earlier in the year. And the WTO projects world merchandise (goods) trade volumes to grow 2.6% and 3.3% in 2024 and 2025, respectively, after a significant decline last year.
Global debt is borrowing by governments, businesses and people, and it’s at dangerously high levels. In 2021, global debt reached a record $303 trillion, a further jump from what was record global debt in 2020 of $226 trillion, as reported by the International Monetary Fund (IMF) in its Global Debt Database. This was the biggest one-year debt ...
The World Economic Forum’s Global Risks Report 2024 says the biggest short-term risk stems from misinformation and disinformation. In the longer term, climate-related threats dominate the top 10 risks global populations will face. Two-thirds of global experts anticipate a multipolar or fragmented order to take shape over the next decade.
1. Goods trade growth to slow in coming months: WTO. Global trade growth is likely to slow in late 2022 and into 2023 because of economic headwinds, according to the latest World Trade Organization (WTO) Goods Trade Barometer. The WTO has identified negative trends in export orders, air freight and electronic components, all of which suggest ...