- December 13, 2022
- Posted by: Stratford Team
- Category: Economy
GENEVA
Growth in real global GDP will drop from 5.7% in 2021 to 3.3% in 2022, a new UN report said Monday, showing that trade in goods and services will slow, with growth in merchandise exports expected to decline by half.
For services exports, which include transport and travel, the slowdown will be less pronounced – from 17.2% to 14.6%, said the United Nations Conference on Trade and Development.
The prices of primary commodities such as food and energy soared by 55% in 2021, according to the UNCTAD Handbook of Statistics 2022. The handbook is a global reference for trade and development trends which is published yearly.
The upswing in primary commodities prices continued this year, with prices in August hitting their highest levels in nearly three decades.
The handbook provides critical data and indicators on how the global economy has evolved for regions, countries and sectors.
“These statistics will help countries take…
