Wednesday, January 14, 2015
Post-crisis trends in global trade and protectionism.
Global trade has not returned to its pre-financial crisis growth rates. In 2000-08, global trade grew at twice the rate of global output. Since the crisis it has barely been above the pace of global GDP growth. Exports have not contributed to economic recovery as might have been expected. While world leaders vowed at the height of the crisis to eschew protectionism, new trade barriers are again being raised.