World Maritime News(28)
February 22, 2022
Global trade surges past pre-pandemic level Despite a severe blow at the start of the pandemic, the value of goods and services traded internationally is now at record highs. Trade figures reached a new record of $28.5trn in 2021, up 13% on pre-pandemic levels, according to the latest World Trade Outlook from UNCTAD. But while figures remained strong and even accelerated during the fourth quarter, the outlook for the first quarter is not as strong, with trade expected to slow in the first quart