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United Nations Conference on Trade and Development, Geneva, Switzerland (Facebook photo) MANILA - Global trade growth remains strong this year amid the pandemic but outlook for 2022 is still "very uncertain" due to a slowing economic recovery and disruptions of logistic networks and increases in shipping costs. A report of the United Nations Conference on Trade and Development (UNCTAD) said the strong economic recovery of the first half of 2021 slowed down during the second half, with the economic growth of China in the third quarter below expectations and lower than in previous quarters. "Lower than expected economic growth rates are generally reflected in more downcast global trade trends. Rising commodity prices and inflationary pressures may also negatively affect economic prospects and international trade flows," the Global Trade Update said. The report said many economies, including those in the European Union, continue to face coronavirus disease 2019 (Covid-

European unionUnited nations conferenceGlobal trade updateUnited nations conference on trade and developmentWitzerland facebook photo manila global trade growth remains strong this year amid the pandemic but outlook for 2022 is still quot very uncertain due toa slowing economic recovery and disruptions of logistic networks increases in shipping costsa report united nations conference on development unctad said first half 2021 slowed down during secondIth the economic growth of china in third quarter below expectations and lower than previous quarters quot expected rates are generally reflected more downcast global trade trends rising commodity prices inflationary pressures may also negatively affect prospects international flowsUot the global trade update said report many economiesNcluding those in the european unionOntinue to face coronavirus disease 2019 covid 19 related disruptions quot these may negatively affect consumers 39 demand and ultimately be reflected in trade statistics for the upcoming quartersUot it added the unctad also attributed this year 39s outlook to disruptions of logistic networks and increases in shipping costs said recovery has been marked by large unpredictable swings demandHich have resulted in an increased stress on supply chains quot logistic disruptions and high fuel prices further contributed to shortages spiraling shipping costs particularHe backlogs across major supply chain hubs that have characterized most of 2021 could continue into 2022 and therefore negatively affect trade reshape flows the worldUot the report added other factors cited are global semiconductor shortageEopolitical factors and the regionalization of trade flowsOvernmental policies affecting international tradeNd debt burdens the unctad said global trade is expected to reach about us 28 trillion in 2021