All component indices are either above trend or on trend, but some already show signs of deceleration while others could turn down in the near future
The World Trade Organization (WTO) said the high rate of global merchandise trade growth (in volume) during the fourth quarter of 2020 is unlikely to sustain in the first half of 2021 since key indicators appear to have already peaked.
This may have repercussions on exports from India which have started recovering of late, say experts.
According to the latest Goods Trade Barometer of the WTO, the growth rate remained strong in the fourth quarter of 2020 after trade rebounded in the third quarter from a deep Covid-19-induced slump.
The barometer's current reading of 103.9 is above
First Published: Feb 20 2021 | 1:22 AM IST