1945

International trade

The volume of world exports grew by 4.5 per cent in 1992, compared with around 3.5 per cent in 1991 (table III.). Growth was modest in comparison with that reflected by the rates ofthe late 1980s, but it far exceeded the growth ofworld output, which barely recovered from the recession ofthe preceding year. There were . also no large shocks. Commodity prices in general remained fairly stable though depressed. With a fewexceptions, the pattern of trade flows did not suggest a large change from the trends ofthe recent past.

Related Subject(s): Economic and Social Development
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