Original Source: World Trade Organization

“The trade forecast for 2014 has been upgraded to 4.7% from 4.5%, still below the 20-year average of 5.3% (1983–2013). A 5.3% increase in trade is anticipated for 2015.

Risks to the forecast have eased in developed economies but risen in developing countries, as the end of quantitative easing has increased financial market volatility.

World merchandise trade grew 2.1% in 2013 in volume terms, very close to the 2.3% increase from the previous year.

Developing economies trade flows turned negative in the middle of 2013, as exports and imports each fell 1% between the first half and the second. Developed economies staged a modest recovery, as exports and imports rose 1% and 1.5%, respectively, during the same period…”

https://www.wto.org/english/news_e/pres14_e/pr721_e.htm

Contributors: Open Source
Categories: Industry Articles, SIG U Resource
SRC Type: Sourcing, Trends