Global trade soars in first quarter, but services still in doldrums

Global trade bounced back to a record high early this year, although service industries are still a shadow of their pre-pandemic selves, UN economists UNCTAD said on Tuesday.

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World trade reaches all-time high, but 2022 outlook ‘uncertain’: UNCTAD

30 Nov 2021

Global trade is expected to be worth about $28 trillion this year - an increase of 23 per cent on pre-pandemic levels - but the outlook for 2022 remains very uncertain, UN economists said on Tuesday.

Global economy projected to show fastest growth in 50 years

15 Sep 2021

The global economy is expected to bounce back this year with growth of 5.3 per cent, the fastest in nearly five decades, according to the UN Conference on Trade and Development (UNCTAD).

Global trade expected to slow, after record high of $28.5 trillion in 2021

17 Feb 2022

Global trade reached a record high in 2021, but it is expected to slow this year for many reasons including continuing delays in global supply chains, UN economists said on Thursday.