International trade

- Author: United Nations Department of Economic and Social Affairs
- Main Title: World Economic Situation and Prospects 2010, pp 47-71
- Publication Date: September 2012
- DOI: https://doi.org/10.18356/fa24901b-en
- Language: English
In 2009, world trade volume contracted by almost 13 per cent, that is to say, more than 20 percentage points below its annualized 8.6 per cent trend growth during the period 2004-2007. Furthermore, international trade had already seen a deceleration to 3 per cent in 2008. In the outlook, a modest recovery of world trade of 5 per cent is projected for 2010, assuming that global recovery sets in. Given this projection, the total loss of world trade during the period 2008-2010, compared to what it would have been at trend growth and without the crisis, will be equivalent to nearly $5 trillion, in other words, about 8 per cent of the annual world gross product (WGP).
© United Nations
ISBN (PDF):
9789210557429
Book DOI:
https://doi.org/10.18356/abf233a2-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
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