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Cornerstone Blog China, Asia to fill the bulk of surging US demand for goods in 2021 as global trade rebounds from coronavirus, WTO says

China, Asia to fill the bulk of surging US demand for goods in 2021 as global trade rebounds from coronavirus, WTO says

April 7, 2021 by Cornerstone International Group Leave a Comment

A better than expected recovery in a trade late last year, aided by the arrival of Covid-19 vaccines in November,

helped boost the positive trajectory, although full recovery will be uneven and could suffer setbacks due to new outbreaks, the Geneva-based trade body added.

Major government policy interventions, including Washington’s much larger-than-expected 

stimulus package of US$1.9 trillion,

 have also boosted household incomes and supported continued spending on all goods, including imports, the WTO said.

“In addition, many businesses and households adapted to the changing circumstances,

finding innovative ways to sustain economic activity in the face of health-related restrictions on mobility,” the WTO said in its forecast.

Read the full article here…

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Filed Under: Cornerstone Blog Tagged With: #Chinatrade, #globaltrade

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