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WTO: Global Trade in Goods Is Continuing To Recover

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The latest issue of the "Barometer of Trade in Goods" released by the WTO shows that the global trade in goods boom index is higher than the benchmark point of 100, reaching 109.7. This means that global trade in goods has resumed extensively and the scale of trade has accelerated.

   The WTO stated that global trade trends are basically in line with the organization’s annual trade expectations in March this year. The WTO predicted at that time that global trade in goods will increase by 8.0% and 4.0% respectively this year and next.

   The WTO also pointed out that despite the relatively positive trade prospects in the short term, the performance of various regions around the world is uneven. In terms of trade categories, service trade is still weak. The WTO warned that the current vaccinations against the new crown in various regions of the world, especially in poor countries, are lagging, and the recurrence of the new crown epidemic will disrupt the process of trade recovery.

   According to the compilation rules of the Global Goods Trade Prosperity Index, a value of 100 is the base point. If a certain index is 100, it means that the growth of global trade in goods is in line with the medium-term trend expectation. An index greater than 100 indicates that the growth of global trade in goods in the quarter was higher than expected, and vice versa, it indicates that the growth of global trade in goods was lower than expected.

The World Trade Organization released the Global Trade Prosperity Index for the first time in July 2016. By collecting trade statistics from major economies, it provides early signals on the current short-term development of world trade and provides more timely international trade for trade policy makers and the business community. information.

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