DBI Romania > News > Global trade may return to pre-pandemic levels only in 2023. However, Romania can benefit from changes in production and distribution
Global trade may return to pre-pandemic levels only in 2023. However, Romania can benefit from changes in production and distribution
Global trade could fall by 20% this year, in a baseline scenario that involves a U-shaped economic recovery of global economies, according to an analysis by Boston Consulting Group (BCG). In this scenario, the return to 2019, when trade totaling $ 18 trillion globally, is expected only in 2023. Thus, the COVID-19 pandemic is responsible for probably the most the great shock of international trade since the Great Depression of 1929-1933.
