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International Trade
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July 8, 2024, 1:00 PM GMT+2


UN REPORT SEES ‘SIGNIFICANT’ TRADE ADJUSTMENTS: SUPPLY LINES

By Brendan Murray

Brendan Murray
Bloomberg News


Global trade in goods and services is recovering from last year’s slump amid
economic strength in the US and solid exports from Asia’s developing nations.

That’s among the topline takeaways in a report this month from the UNCTAD, the
UN’s trade and development agency. It sees a first-half increase of 2% — which
would add $250 billion in goods trade and $100 billion in services versus the
same period in 2023.

UNCTAD also says it’s seeing “significant trade reallocations and increased
supply concentration.”

The report contains a special section on industrial policy, noting that despite
last year’s general slowdown in international ...


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