The world trade comeback

Trade growth to again outpace GDP growth

The slowdown in the growth of world trade, especially in relation to GDP growth, has led some to believe that this marks the end of globalisation. But in fact it is a common feature of economic downturns. Over 1980-1982 the ratio of world trade growth to GDP growth was also around 1, similar to the ratio since
the start of the financial crisis. Having said this, the current ratio is far below the historical average of 1.7.

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