In 2019, global trade grew slower than GDP, with year-on-year growth rates of 0.8 and 2.4 percent respectively. It is forecasted that in 2020 the global GDP will decrease by 5.2 percent compared to the previous year, while trade will decrease by 13.4 percent over the previous year. This decrease is due to the effects of the
Global growth in GDP and trade from 2007 to 2021
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World Bank. (June 30, 2020). Global growth in GDP and trade from 2007 to 2021 [Graph]. In Statista. Retrieved March 02, 2021, from https://www.statista.com/statistics/1032199/global-growth-gdp-trade/
World Bank. "Global growth in GDP and trade from 2007 to 2021." Chart. June 30, 2020. Statista. Accessed March 02, 2021. https://www.statista.com/statistics/1032199/global-growth-gdp-trade/
World Bank. (2020). Global growth in GDP and trade from 2007 to 2021. Statista. Statista Inc.. Accessed: March 02, 2021. https://www.statista.com/statistics/1032199/global-growth-gdp-trade/
World Bank. "Global Growth in Gdp and Trade from 2007 to 2021." Statista, Statista Inc., 30 Jun 2020, https://www.statista.com/statistics/1032199/global-growth-gdp-trade/
World Bank, Global growth in GDP and trade from 2007 to 2021 Statista, https://www.statista.com/statistics/1032199/global-growth-gdp-trade/ (last visited March 02, 2021)