World trade: slow-down or new collapse

Clearly world trade is experiencing difficult  times. the graph above reports two leading indicators. The World trade monitor of CPB Netherlands bureau for economic policy advice ( and the container throughput index of the Institute of Shipping Economics and Logistics. Bot indicators have been corrected for seasonal influences and provide the most recent indication of the development of world trade. Although the level of the indicators is different the movements are into the same direction and suggest that there is more to the decline in world trade than the price decrease of oil. Container throughput is real and the world trade monitor is reported at constant prices.


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