Global openness to fall to 29% in 2015
The lingering weakness in global trade since 2012 caused global openness to
fall to 29% in 2015.
Our analyses to date suggest that global trade is likely to
continue posting anaemic development in the years ahead, as the elasticity of
international trade with regard to global GDP growth has probably decreased,
partially due to structural factors.
As a result, the link between cyclical and structural factors continues to exist.
EU Forecast
euf:ba18.d:158/nws-01