He Chinese Government seeks to boost its economy, to do so it published a plan to promote the renewal of machinery or the delivery of consumer goods as part of the payment to acquire new ones that, according to the local press, will give a new boost to national consumption by opening a market of […]
Tag: world trade
Suez Canal traffic falls below “Ever Given” crisis level
The transit of merchant ships in the Suez Canal fell by 39% since the start of the attacks by the Yemeni Houthi militias in the Red Seaand reached its lowest level of traffic since the blockage caused by the accident of the freighter “Ever Given” three years ago. On November 19, the day Yemen’s paramilitaries […]
Economists warn of the effect on inflation of disruptions in supply chains
Expectations of high inflation have been reduced in all regions of the world, but inflation remains vulnerable to shocks in commodity markets and supply chainsaccording to a report published this Monday by the World Economic Forum (WEF). Prolonged Red Sea disruption, escalating regional conflicts and rising climate volatility, among other factors, are weighing on the […]
Panama Canal could reduce even more daily transits if drought continues
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The head of the authority of the Panama Canal, Ricaurte Vasquezsaid Tuesday that the maximum number of authorized vessel transits per day could be further reduced if the drought that has plagued the waterway this year continues. The canal began to restrict the draft of ships and authorize daily passage at the beginning of the […]
Chinese foreign trade contracts again in August, but at a slower pace
The China exports and imports they contracted again in August, but at a lower rate than the previous month and better than expected by analysts, according to official data published on Thursday. Exports from the world’s second largest economy fell 8.8% year-on-year against 14.5% in July, the customs authority said. Imports also fell by 7.3% […]
WTO: world trade will remain under pressure from external factors in 2023
The growth of world trade will slow to 1.7% in 2023, after an increase of 2.7% in 2022, according to the annual projections of the World Trade Organization (WTO) published this Wednesday. WTO economists now forecast trade volume growth of 1.7% in 2023 – up from the 1.0% estimate made in October – although down […]
World trade will stagnate in the first half of 2023, according to UNCTAD
World trade slowed down in the second half of 2022 and will stagnate in the first half of this year, according to the latest update to the United Nations Conference on Trade and Development (UNCTAD) global trade report. The conference warns that the outlook for 2023 “remains uncertain given the context of continued geopolitical tensions, […]