Goods trade remained weak in the fourth quarter of 2023, capping the slowest year of growth for global commerce outside of a recession in the past 50 years. Trade in services grew robustly in the fourth quarter, partly making up for the decline in goods. Travel services exceeded pre-pandemic levels, but international tourist arrivals were yet to recover completely, particularly in Asia. Global container capacity stress and shipping rates surged amid...
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Constantinescu,Ileana Cristina; Aldaz-Carroll,Enrique; Arvis,Jean Francois; Ashimi,Ricardo; Espitia Rueda,Alvaro Raul; Ulybina,Daria; Wellisz,Chris L; Dessus,Sebastien C.; Haddad,Mona E..
Trade Watch (First Quarter 2024) (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/099921104162412037