cover image: Trade Watch (First Quarter 2024) (English)

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Trade Watch (First Quarter 2024) (English)

16 Apr 2024

Goods trade remained weak in the fourth quarter of 2023, capping the slowest year of growth for global commerce outside of a recession in the past 50 years. Trade in services grew robustly in the fourth quarter, partly making up for the decline in goods. Travel services exceeded pre-pandemic levels, but international tourist arrivals were yet to recover completely, particularly in Asia. Global container capacity stress and shipping rates surged amid persisting disruptions from the Red Sea attacks.
trade tourism trade in services world trade in goods

Authors

Constantinescu,Ileana Cristina, Aldaz-Carroll,Enrique, Arvis,Jean Francois, Ashimi,Ricardo, Espitia Rueda,Alvaro Raul, Ulybina,Daria, Wellisz,Chris L, Dessus,Sebastien C., Haddad,Mona E.

Disclosure Date
2024/04/16
Disclosure Status
Disclosed
Doc Name
Trade Watch (First Quarter 2024)
Originating Unit
EFI-MTI-TIC-Trade and RI (ETIRI)
Published in
United States of America
Unit Owning
EFI-MTI-TIC-Trade and RI (ETIRI)
Version Type
Final
Volume No
1

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