EXTERNAL ACTION / Trade

Trade in goods to grow more than expected in 2021, says WTO

Brussels, 04/10/2021 (Agence Europe)

According to the latest data published by the World Trade Organization (WTO) on Monday 4 October, the volume of world trade in goods is expected to grow by 10.8% in 2021 compared to 2020. In March, the WTO had forecast 8% growth (see EUROPE B12691A17). 

In 2022, the development of trade in goods is expected to slow down by 4%. 

This considerable increase in merchandise trade in 2021 should be seen in the context of its collapse in the previous year, particularly in the second quarter. For...