2023-12-12 19:29:46
According to forecasts from the United Nations Conference on Trade and Development (UNCTAD), the exchange of goods declined by 5% during this year 2023, compared to the records broken in 2022. This decline is largely due to a sluggish demand from developed countries, marked by persistently high inflation.
Published on: 12/12/2023 – 6:29 p.m.
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30.7 billion dollars is the sum of global trade for this year 2023, which is 1.5 billion less than in 2022. South-South trade in particular is showing mediocre performance while Asia the East is struggling, with exports falling by 8%. There Russiaunder the influence of international sanctions, it plunges to minus 20% in terms of exported goods, Europe by 4%, only the North American zone remains stable.
For 2024, the trend is no better and geopolitical tensions as well as large debts associated with fragile economies will not improve trade, predicts UNCTAD. She observes a form of withdrawal, given the geopolitical tensions in the world.
Thus, friendly countries intensify exchanges, the impact is especially notable between China and the United States whose dependence contracts by 2% while Russia intensifies its trade with Beijing and reduces those with the European Union by 6%.
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