| 15 April 2024, Monday |

CPB: World trade recovers in late 2020 to pre-coronavirus levels

World trade increased 4 percent on quarterly basis in the fourth quarter of last year, taking growth for the whole of 2020 to 1.3 percent, Dutch economic policy adviser CPB said on Thursday.

Trade levels were 0.6 percent higher than a month earlier in December, mainly helped by exports from advanced economies such as the United States, and by imports from emerging economies.

Global industrial production grew by 1.3 percent in the final month of last year, the CPB said, also taking it back to the level of early 2020.

The CPB world trade monitor is published monthly on behalf of the European Commission, and is also used by the International Monetary Fund to track trade flows.


  • Reuters