As the world continues to face well-documented economic challenges, the Trade Forecast suggests grounds for optimism for international businesses. Despite the current climate the overall trend for international trade is positive with growth acceleration sooner than expected from 2014, rather than 2015. After 2014 the global economy ends a period of slow growth and contraction and sees an upturn in trade in line with GDP forecasts. Over the next five years it is forecast that world trade will grow at an annualized rate of 3.78%, due primarily to the expectation of an earlier recovery of the overall global economy. In the period 2017-2021, the Forecast predicts even more rapid annualized growth at 6.23%, as world demand for traded goods recovers its dynamism. As a result, world trade is predicted to grow by 86.00% in the next 15 years, taking total trade activity in that year to $53.8 trillion compared to a predicted $28.9 trillion in 2012.
- 2012-05-02 12:53:52
- 2012-04-22 22:07:52
- 2012-03-15 17:02:52




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