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Global trade rebounds, surpasses pre-pandemic levels | DW News

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Global trade is rebounding is the good news. According to Germany's Kiel Institute for the World Economy volumes have now even surpassed levels last seen before the coronavirus pandemic pre-crisis levels.

World trade rose 2.4% in January compared with the previous month which is higher than its pre-crisis level. Most of that increase is coming from Western countries like Germany and the US.

At the same time, 11% of all goods shipped worldwide are currently stuck in traffic jams.

Is a return of uninterrupted world trade even possible as long as the Chinese leadership keeps following its zero-Covid strategy which includes frequent factory and port closures? Vincent Stamer, economist at the Kiel Institute for the World Economy, speaks to DW.

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#GlobalTrade #WorldEconomy #ZeroCovid
Category
Europe
Tags
Global Trade, Traffic jam, Global goods
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