World trade bounces back to pre-coronavirus levels: CPB monitor



Reuters Staff | Reuters

AMSTERDAM (Reuters) – International trade recovered at the end of 2020 to pre-coronavirus levels, making up for the sharp hit from the COVID-19 pandemic in the first half of the year, Dutch economic policy adviser CPB said on Thursday.

World trade increased 4% on a quarterly basis in the fourth quarter of last year, the CPB said, citing its widely used world trade monitor, taking growth for the whole of 2020 to 1.3%.

Trade levels were 0.6% higher than a month earlier in December, mainly helped by exports from advanced economies such as the United States, and by imports from emerging economies. 

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