Global trade rebounds, surpasses pre-pandemic levels | DW News
February 8, 2022
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3:17Now PlayingGlobal trade rebounds, surpasses pre-pandemic levels | DW News
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as posted by the channelGlobal 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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