| Trade growth likely to pick up in 2024 in spite of challenging environment
April 12, 2024--The latest edition of the WTO's "Global Trade Outlook and Statistics" foresees a gradual recovery in world merchandise trade volume in 2024 and 2025. This follows a contraction in 2023 driven by the lingering effects of high energy prices and inflation in advanced economies, particularly Europe. So, what does our forecast indicate? |
| Specifically, we expect merchandise trade to grow by 2,6% in 2024 and 3,3% in 2025 after falling by 1,2% in 2023, However, there is a downside risk due to regional conflicts, geopolitical tensions and economic policy uncertainty, In value terms, merchandise trade fell 5% in 2023 to US$ 24,01 trillion but the decline was mostly offset by a 9% increase in commercial services trade, which reached around US$ 7,54 trillion, Total goods and services trade was only down 2%, A particularly bright spot for services was the global exports of digitally delivered services, which reached US$ 4,25 trillion in 2023, up 9% year-on-year, accounting for 13,8% of world exports of goods and services, |
| China stimulus unleashes ETF buying spree in US and Europe
October 10, 2024-A scramble for Chinese equities united the global investment industry last month, just as attitudes towards European and Japanese stock markets became heavily bifurcated along geographical lines. |