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- Volume of global trade declines 0.5% in the second quarter
Volume of global trade declines 0.5% in the second quarter
The Netherlands Bureau for Economic Policy Analysis release the world trade data on Tuesday. The volume of global trade declined 0.5% in the second quarter, after a 1.5% drop in the first quarter.
Global trade in the first half of the year showed the worst performance since the 2009 collapse in global trade.
"We have had a miserable first six months of 2015," chief economist of the World Trade Organisation, Robert Koopman, said. He pointed out that a faltering recovery in Europe and a slowdown in the Chinese economy weighed on global trade.
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