World trade picks up again as economy begins to recover

first_img WORLD trade continued to rebound strongly in the first half of this year, rising by over a quarter from year-ago levels, with emerging economies showing particularly powerful export growth, World Trade Organisation (WTO) figures showed yesterday.Trade typically grows and contracts at much faster rates than the overall economy, but the WTO data confirm the strength of the global recovery in the first half of this year.Global exports of merchandise goods, measured by value in current dollars not adjusted for price changes, were 25.8 per cent higher in the second quarter than a year earlier, after a 25.7 per cent rise in the first quarter, WTO statistics showed.That meant trade in the first half of the year was about 25 per cent higher by value than a year earlier, but still below its mid-2008 peaks.The second-quarter rise in Russia and other former Soviet republics was 43.9 per cent, and in Asia 37.5 per cent. Even North America, including Mexico, outpaced the global figure, with a rise of 28.5 per cent, but export growth in Europe at 13.2 per cent grew at only half the overall global rate.The figures are based on monthly statistics from about 70 economies representing about 90 per cent of world trade. KCS-content World trade picks up again as economy begins to recover Show Comments ▼ Share Wednesday 1 September 2010 8:22 pm whatsappcenter_img whatsapp by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeLuxury SUVs | Search AdsThese Cars Are So Loaded It’s Hard to Believe They’re So CheapLuxury SUVs | Search AdsThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save ThousandsThe No Cost Solar ProgramTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastAll Things Auto | Search AdsNew Cadillac’s Finally On SaleAll Things Auto | Search AdsHero Wars This game will keep you up all night! Hero Wars Blood Pressure Solution4 Worst Blood Pressure MedsBlood Pressure SolutionBetterBe20 Stunning Female AthletesBetterBeLiver Health1 Bite Of This Melts Belly And Arm Fat (Take Before Bed)Liver Healthmoneycougar.comThis Proves The Osmonds Weren’t So Tags: NULL Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofNew England Patriots’ Cam Newton says no extra motivation from Mac Jones’SportsnautBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family Proof last_img read more