Tag: trade

The world economy is expected to see moderate growth in 2023, projected at 3.0%, but is anticipated to slow down slightly to 2.7% in 2024. This economic growth is largely driven by Asia, despite a weaker recovery in China than expected. However, global growth in 2024 is likely to be lower, primarily due to monetary policy becoming more visible and China's subdued domestic demand, said OECD in its latest report.

Despite global trade set to stagnate in the first half of 2023, the silver lining is with respect to the strong performance of trade in “green goods”, whose growth held strong throughout the year,

Global trade is set to reach almost 32 trillion dollar in 2022, but inflation has reversed some of the gains made in...

Major highlights of the Department of Commerce during 2021 are as follows: Export Target of US$ 400 billion for Merchandise in 2021-22 Target...

The COVID-19 pandemic disrupted maritime transport in 2020 but the outcome was less damaging than initially feared. Though volumes fell less dramatically than expected...

South Asia regions low levels of intraregional economic engagement, which is only 5-6% of the total trade, has badly hit the consumers, workers, firms...

The high cost of trade in Asia and the Pacific continues to rise but ongoing efforts to facilitate commerce will help keep goods flowing...

About one million plant and animal species are now threatened with extinction in the world, and some estimates point out that global trade threatened...

The world believes that Covid 19 pandemic will come to an end soon with much progress shown in vaccine development. Despite global markets showing...