With the exception of 2009, the value of world trade fell more sharply in dollar terms last year than in any other year during the past two decades. However, this was largely due to the slump in commodity prices. The volume of world trade actually increased, albeit at a relatively slow pace. Early indicators, such as the PMIs and Baltic Dry Index, suggest that trade growth remained sluggish at the start of this year.
Become a client to read more
This is premium content that requires an active Capital Economics subscription to view.
Already have an account?
You may already have access to this premium content as part of a paid subscription.
Sign in to read the content in full or get details of how you can access it
Register for free
Sign up for a free account to gain:
- Unlock additional content
- Register for Capital Economics events
- Receive email updates and economist-curated newsletters
- Request a free trial of our services