International trade, finance and transport

In 2009, the work of the United Nations Conference on Trade and Development (unctad) and the UN system on international trade, finance and transport dealt mainly with the global economic and financial crisis that began the previous year. During the crisis, world trade volume contracted by almost 13 per cent. The severe decline was attributed mainly to the financial crisis, which caused a free fall of 30 to 50 per cent in world trade volumes from the end of 2008 up to the second quarter of 2009, with Asian exporters being hit hardest. World trade rebounded somewhat thereafter, but recovery was fragile.

Related Subject(s): Nations Unies