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Global trade forecast for 2022 very uncertain: UNCTAD

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

Global trade forecast for 2022 very uncertain: UN

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

Global trade seen to rise 23% to $28T in 2021: UN report

ANKARA - Global trade is expected to reach USD28 trillion in 2021, up 23 percent from last year, according to a report issued Tuesday by the UN Conference on Trade and Development (UNCTAD). Global goods trade set a new record by reaching USD5.6 trillion in the third quarter of this year, the Global Trade Update report said. While this was a 24-percent increase from the same period of 2020, it was a 13-percent gain compared to the third quarter of 2019, it added. "Trade in goods is expected to remain constant at about USD5.6 trillion in the fourth quarter of 2021, while the trade in services will likely continue to slowly recover," it said. Services trade stood at about USD1.5 trillion in the July-September period of this year, according to the report. "The value of global trade in goods continued to increase during each quarter of 2021. The recovery has been more muted for trade in services, which remains below its levels of 2019," the report said. "Trade in go

Turkey generalGlobal trade updateAnkara global trade is expected to reach usd28 trillion in 2021P 23 percent from last yearCcording toa report issued tuesday by the un conference on trade and development unctad global goods seta new record reaching usd5 6 trillion in third quarter of this yearHe global trade update report said while this wasa 24 percent increase from the same period of 2020T wasa 13 percent gain compared to the third quarter of 2019T added quot trade in goods is expected to remain constant at about usd5 6 trillion the fourth quarter of 2021Hile the trade in services will likely continue to slowly recoverUot it said services trade stood at about usd1 5 trillion in the july september period of this yearCcording to the report quot value of global trade in goods continued increase during each quarter 2021 recovery has been more muted for servicesHich remains below its levels of 2019Uot the report said quot trade in goods is projected to reacha record level of usd22 trillion 2021 services should be valued at about usd6Till slightly below its pre pandemic levelUot it added unctad warned that the global trade outlook for 2022 remains quot very uncertain due to several factorsUch asa slowing economic recovery

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