Tag Archives: Trade

IMF Regional Economic Outlook: Europe – November 2019

The IMF has just published the Regional Economic Outlook: Europe. Economic activity in Europe has slowed on the back of weakness in trade and manufacturing. For most of the region, the slowdown remains externally driven. However, some signs of softer domestic demand have started to appear, especially in investment. Services and domestic consumption have been …
Continue reading

World Trade Report 2019. The Future of Services Trade

The 2019 edition of the WTO’s World Trade Report highlights that services have become the most dynamic component of international trade and that its role will continue to expand in the coming decades. It stresses the need to enhance cooperation in the international community to support this expansion. The report is available from the World …
Continue reading

World Development Report 2020: Trading for Development in the Age of Global Value Chains

The World Bank has recently launched the World Development Report 2020, entitled “Trading for Development in the Age of Global Value Chains.” Global value chains (GVCs) powered the surge of international trade after 1990 and now account for almost half of all trade. This shift enabled an unprecedented economic convergence: poor countries grew rapidly and …
Continue reading

Latest Interim OECD Economic Outlook – Warning: Low Growth Ahead

The global economy has become increasingly fragile and uncertain, with growth slowing and downside risks continuing to mount, according to the OECD’s latest Interim Economic Outlook. Economic prospects are weakening for both advanced and emerging economies, and global growth could get stuck at persistently low levels without firm policy action from governments, according to the …
Continue reading

OECD Economic Outlook – May 2019

The OECD has just published its latest Economic Outlook. According to the report, global growth slowed sharply in late 2018 and is now stabilising at a moderate level. Escalating trade conflicts and dangerous financial vulnerabilities threaten a new weakening of activity by undermining investment and confidence worldwide. The global economy is expected to achieve moderate …
Continue reading

Trade Scenario: Employment Implications in Europe of a Large Increase in Global Tariffs

Protectionism is on the rise. This scenario estimates the potential impact of a significant increase in tariffs in the world’s major trading blocs. The analysis is carried out using the E3ME macroeconometric model, which provides information on sectoral impacts, together with the Warwick Labour Market Extension model for occupational analysis. Further analysis of the employment …
Continue reading

UNCTAD: Key Statistics and Trends in Trade Policy 2018

UNCTAD has recently launched the report “Key Statistics and Trends in Trade Policy 2018: Trade Tensions, Implications for Developing Countries”. During the last decade international trade has been characterized by a progressive shift in the use of trade policy instruments. Despite the trade tensions that have characterised the last year, tariffs have remained substantially stable …
Continue reading

OECD Economic Outlook – Nov 2018

The OECD has just published its latest Economic Outlook. According to the report, global economic growth remains strong but has passed its recent peak and faces escalating risks including rising trade tensions and tightening financial conditions. Growth forecasts for next year have been revised down for most of the world’s major economies. Global GDP is …
Continue reading