Trade and Investment

Weak global trade growth: Is this the new normal?

Crew members of a ship loaded with containers filled with rubbish from Britain wait for its departure from the port of Santos August 5, 2009. The ship loaded with 1,600 tonnes of rubbish set sail today to return the rotting cargo to Britain from Brazil, where it had been shipped falsely declared as plastic for recycling. REUTERS/Paulo Whitaker (BRAZIL BRITAIN ENVIRONMENT POLITICS) - RTR26FV5

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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