Min menu

Pages

Latest News [LastPost]

United Nations: The global trade recovery will falter again in the first quarter of the year



A United Nations report said today, Wednesday, that the recovery in global trade is expected to slow again in the first quarter of 2021 as the new Corona virus pandemic continues to disrupt travel and after a 9% contraction in global trade in 2020.


The United Nations Conference on Trade and Development (UNCTAD) said that lockdown measures caused trade to contract in the first half of 2020 by 15 percent, but recovered slightly in the second half, with trade in goods increasing by 8 percent in the fourth quarter compared to the third quarter.


UNCTAD said that after lockdown measures caused trade to contract 15 percent in the first half of 2020, trade recovered in the second half as trade in goods rose 8 percent in the fourth quarter of the year compared to the third quarter.


"East Asian economies are leading the recovery process, with strong export growth and gains in global market share," UNCTAD said, adding that most industrial sectors recovered in the fourth quarter, except for energy and transportation.


But the report indicated that services trade was suffering from stagnation at levels previously recorded in the third quarter, adding that services exports from China and to a lesser extent India are doing better than other countries.


For the first quarter of 2021, the report expected a decline in trade in goods by 1.5 percent compared to the previous quarter and a decrease of seven percent in trade in services. But the report indicated that his forecasts are not certain due to the pandemic and uncertainty about the stimulus packages.

reaction:
Tucson Company Inc
Tucson Company Inc
Tucson Company Inc It is one of the best Egyptian companies specialized in the field of creating and developing Android applications and games, selling them to others, and publishing them through all the services of publishing free and paid applications and games

Comments