The great lockdown and global trade ...Qatar

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The great lockdown and global trade
Trade is recovering robustly alongside the upticks in growth in major economies. This good news deserves more attention. Less than 12 months ago, many observers were predicting an end to globalisation. The pandemic disrupted supply chains, and governments, suddenly confronted with the resulting vulnerabilities and dependencies, encouraged “reshoring” production of critical goods. Today, the outlook is much brighter. There is little indication of a sustained movement away from global supply chains. And many governments have realised that trade is more of an opportunity than a threat to national sovereignty. As a result, the World Trade Organisation expects the volume of global trade to incre

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