Global economy

Merchandise trade growth beginning to stabilise but services trade remains weak

20/10/2020 PNG

International merchandise trade showed signs of stabilising in August and September, following the strong pick-up in June and July, but it remains around 10-15% below pre-crisis levels in most economies. Services trade, in particular travel and passenger services, remained fragile, with total services trade around 20% below pre-crisis levels.

See International Trade Pulse, OECD.