new CPB World Trade Monitor The data show a “historical decline” in world trade in April by 12.1% compared with March.
“Exports fell significantly in several regions: -23% for both the eurozone and the USA, -21% for Latin America, -14% for Japan and -11% for other advanced economies. Imports declined the most in Latin America (-18%), the eurozone (-17%), the United States (-11%) and other advanced economies (-15%).
“The growth of world trade from February to April compared to the previous three months was -7.2%. No increase was observed in any of the regions, and the most negative development was observed in the eurozone (-13% of exports, -11% of imports), “CPB World Trade Monitor said.
The volume of world trade in goods, a moving average of three months, shows that world trade reached a dead end at the end of 2017 through 2019 – it fell sharply during the COVID-19 pandemic.
The volume of world trade in goods over the past three months compared with the previous three months suggests that the pandemic of the virus caused the worst decline in global expansion. Offering worldwide locks have caused a recession shock,
The volume of world industrial production over three months, a moving average from the point of view of the world, advanced economies and emerging economies – pay attention to how the volumes leveled between the end of 2017 and 2019 – then fell during viral blockages at the beginning of 2020.
The global volume of industrial production over the past three months compared to the previous three months from the point of view of the world, advanced economies and emerging economies – the virus pandemic was, of course, the worst shock of the whole cycle.
Around the same time (late April), we noted global economic activity perhaps worries – but this does not materialize into a V-shaped recovery, as many in the Trump and Wall Street administrations would like to believe.
With global trade still in landfills, an increase in the number of viral diseases and deaths in the world could disrupt the global economic recovery and lead to a long recession.
Forget the V-shape, try rebuilding Nike swoosh, as explained by UCLA Anderson Forecast senior economist David Shulman, who recently said the virus pandemic “escalated into a depressive crisis” without V-shaped restoration until 2023.