ECB Global trade weakness will be the new

The European Central Bank: weak global trade will be the "new normal" U.S. stock market center: exclusive offer full industry sector stocks, premarket after hours, ETF, real-time quotes Sina warrants stocks news Beijing time on the evening of 23 Bloomberg said, according to a report released in the next few years, trade is likely to remain weak. The European Central Bank announced on Tuesday that economic bulletin, although before the financial crisis, Global trade is roughly two times the global average growth rate of GDP growth, but the growth rate of imports and global GDP growth than stagnated in the past five years, and is likely to remain at the current level. The growing importance of emerging economies, which typically have low trade intensity in their economic growth, and the weakening of structural factors have reduced global and national trade elasticities. "Looking to the future, structural factors seem unlikely to reverse in the medium term," the ECB said in a report. "It is widely expected that economic activity will gradually shift to the momentum of emerging market economies. Moreover, in the past to promote decline, trade structural change — transportation cost of the expansion of trade liberalization, global value chain and financial deepening — is not expected in the medium term of trade constitute the same level of support. Global (excluding the euro zone) Trade Elasticity fell to 0.9 in 2012-2015, while the 1995-2007 before the financial crisis was $1.8. Part of the weakness, especially last year, was the result of an adverse impact from countries such as Russia and Brazil. The European Central Bank expects global trade growth will gradually rise to the same level as the global GDP growth, so that the world (excluding the euro area) trade – income elasticity to return to about 1 of the new normal". Editor: handsome can Cong相关的主题文章: