WTO confirms world trade recovery

Confirming the strength of the global trade recovery, the Goods Trade Barometer record high level on Wednesday, according to the World Trade Organization (WTO).

The latest barometer reading of 110.4% growth in the highest on record since the indicator was first released in July 2016, and up over 20 points year-on-year, the WTO said.

Such a rise reflected both the strength of current trade growth and the depth of last year´s pandemic-induced shock. All sub-indices of the barometer, a real-time trend gauge for trade, were above trend in the latest month, the organization said.

Global trade in goods has grown steadily after a sharp decline in Q2 2020, it underlined, adding that the volume of merchandise trade rose 5.7% year-on-year in Q1 2021.