thus providing a boost to the consumption of manufactured goods. "A recovery of demand for tradable goods in 2024 is already evident, with indices of new export orders pointing to improving conditions for trade at the start of the year," the report noted. ...
However, shifts in the regional composition of growth could influence trade. Specifically, GDP growth rates for North America in 2023 and 2024 have been revised upwards, from 1.5 per cent and 1.0 per cent, respectively, in April, to 2.2 per cent and 1.4 per cent in the current report. ...
Meanwhile, current Treasury Secretary Janet Yellen said that, while tariffs can be useful in addressing unfair trade practices, they could have an “adverse impact on the competitiveness of some sectors of the US economy and could significantly raise costs to households.” DECEMBER 2024 UPDATES Week...
UPDATE:OCTOBER2023 WTOlowerstradegrowthforecast amidglobalmanufacturingslowdown Acontinuedslumpingoodstradethatbeganinthefourthquarterof2022hasled WTOeconomiststoscalebacktheirtradeprojectionsforthecurrentyearwhilemaintainingamore positiveoutlookfor2024.Thevolumeofworldmerchandisetradeisnowexpectedtogrowby0.8% thisyear,...
The Global Trade in Services Summit of the 2024 China International Fair for Trade in Services (CIFTIS) is held in Beijing, capital of China, Sept. 12, 2024. (Xinhua/Chen Zhonghao) Guests attend the Global Trade in Services Summit of the 2024 China International Fair for Trade in Services...
As the 2024 event gets underway, it continues to be a key force in driving global economic growth. With countries from all over the world fully engaged, CIFTIS underscores the growing importance of service trade in fostering global prosperity and unlocking new investment opportunities worldwide....
The IMF chief economist also reiterated the cost of geo-economic fragmentation, noting that IMF research shows costs could range from 3 to 7 percent of world GDP, with emerging and developing countries to be the most adversely affected by trade distorting measures. ...
Trade Credit, Bond & Political Risk The mid-year renewals saw a stabilization of reinsurer capacity relative to January 1, 2024, with reinsurers less inclined to ‘rock the boat’. An increase of following capacity from smaller/ mid-tier reinsurers looking to grow by sub-product and region ...
In international commerce, Incoterms are a set of three-letter abbreviated trade terms established by the International Chamber of Commerce (ICC) to communicate different aspects of cross-border trade. There are 11 main Incoterms in use in 2024. Incoterms’ definition and primary function is to ...
to hinder economic growth. The government introduced various consumer trade-in policies last year, which offered incentives to trade in old goods for new models in an effort to boost consumption. The initiative was a boon for the domestic auto market in 2024, buoying sales of new-energy ...