Under the harassment of the COVID 2019, the global economy is still rising steadily.

Under the harassment of the COVID 2019, the global economy is still rising steadily.

Global merchandise trade exceeded US$5.6 trillion in the third quarter of 2021, setting a record high, and will remain near this level in the last three months of this year. In 2021, the global trade in goods and services is expected to increase to approximately US$28 trillion, an increase of approximately US$5.2 trillion over 2020 and US$2.8 trillion higher than 2019.

The United Nations Conference on Trade and Development released a global trade update report. It is estimated that the global trade volume will reach approximately 28 trillion U.S. dollars in 2021, an increase of 11% compared to before the epidemic. The report pointed out that trade in goods reached a record level in the third quarter of 2021, and trade in services has also shown a growth momentum but is still lower than the level before the epidemic. The growth rate of global trade will stabilize in the second half of 2021, while the prospects for trade in 2022 are still very uncertain, and the level of trade growth in different countries remains unbalanced.