1945

International trade, finance and transport

The growth of both world output and world trade accelerated in 1992 for the first time since 1988. While the recovery in output was modest, the volume growth of world trade was much greater, due to the recovery in the United States, the import boom in Latin America and the continued expansion of intra-Asian trade. However, international trade continued to be affected by structural and policy-driven changes as well as by macroeconomic developments in the world economy, including the recession and large currency misalignments.

Related Subject(s): United Nations
/content/books/9789210578103s008-c004
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