Global trade mounts a feeble recovery after downturn

03/2/2010 | Economist (free content), The

While conflicting statistics on global trade somewhat cloud the picture, the industry is clearly rebounding, though modestly, according to The Economist. Still, Caroline Freund of the World Bank warned of a "risk of stagnation" this year. Economists at the World Bank said the value of world trade is almost 30% more than its lowest point, but it remains 20% less than what it was before the financial crisis. "World trade may be on the mend, but its recovery is far from complete," The Economist notes.

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Economist (free content), The