Goods trade remained weak in the fourth quarter of 2023, capping the slowest year of growth for global commerce outside of a recession in the past 50 years. Trade in services grew robustly in the fourth...
Global goods trade picked up slightly in September and October 2023 amid signs of global demand recovery but remained below levels in the previous year. Services trade continued to recover, and travel...
Global goods trade contracted further in the second quarter of 2023 as demand weakened in all regions amid tight monetary conditions, lingering inflationary pressures, and elevated geopolitical tensions...
The key messages of this newsletter include: Trade expanded briskly in 2022 despite the invasion of Ukraine and growing global macroeconomic imbalances. The global impact of the war quickly dissipated...
New export orders have been shrinking since March 2022, amid cooling in China’s imports, war-induced disruptions in the trade of fuel and agricultural products, rising inflationary pressures, monetary...
The key messages of this newsletter include: (i) the conflict in Ukraine has already disrupted shipping logistics in the Black Sea area and raised futures prices of fuels and key agricultural products...
The key messages of this newsletter include: (i) Merchandise trade strengthened in November 2021 despite persistent value-chain bottlenecks and logistics constraints; (ii) Services trade is finally closing...