Trade and Investment

Weak global trade growth: Is this the new normal?

The link between global production and trade appears to have changed. Image: REUTERS/Paulo Whitaker

Alexander Al-Haschimi

Martin Gächter

Economist, Directorate General International and European Relations, ECB

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Trade and Investment

 Ratio of global imports to GDP (ratio of levels, quarterly data)
Image: National sources
Ratio of global import growth to global GDP growth (ratio of growth rates; annual data)
Image: IMF WEO.
 Global GDP growth contributions (annual percentage changes; percentage points)
Image: World Bank (WDI), IMF (WEO database), Haver Analytics and authors’ calculations
 GVC participation versus share of intermediate goods in total goods imports (index)
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Davos 2023: The state of global trade and investment

Joachim Monkelbaan and Soumyajit Kar

January 21, 2023

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