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Recovery in world trade continues, for now

April’s data revealed that world trade flows have enjoyed virtually interrupted growth for 12 months now, with world trade remaining well above its pre-virus level. But between the quintupling of shipping costs over the past year, supply disruptions, and a potential cooldown in the demand for traded goods as economies re-open, there is no shortage of impediments to a continued robust recovery.
Simon MacAdam Senior Global Economist
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Your questions about the Global Economic Outlook

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Reflationary recovery races on

Inflation indicators in the flash PMIs for June reached new record highs and supplier delivery times lengthened still further. However, outside the US at least, there are few signs that goods shortages and higher costs have held back the recovery in manufacturing output. More generally, the PMIs suggest that lockdown easing continues to propel recoveries in the US and Europe, where restrictions have eased.

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