Chief Economist insights: are iron ore prices propping up global trade?
Today we’re talking about some of the changes in trade in goods volumes, over the past 12 months. A lot has changed. We’ve had a commodity supercycle, with prices surging despite low volumes and amidst the pandemic, trade tensions continue all around the world. World trade of goods has declined some 12% in the last year, representing a loss of $22 trillion USD of trade. Is it all doom and gloom for trade, or will we see a resurgence? Data also lies at the heart of this problem, with siloed or even duplicated trade data flows. Today I’m catching up with Trade Data Monitor’s Chief Economic Analyst, John Miller. Full transcript: https://www.tradefinanceglobal.com/posts/podcast-s1-e66-chief-economist-insights-are-iron-ore-prices-propping-up-global-trade/