Global trade shows signs of recovery

Lisbon, October 26, 2017 - The world economy is back in a growth path, especially in the second quarter of 2017 and in the USA, Eurozone, China, and Japan. Euler Hermes, a shareholder in COSEC, the national leader in credit insurance, is forecasting a global growth for 2017 and 2018 of approximately + 3%.

In terms of value, global trade recovered in 2017 by + 7%, after two consecutive years of retraction; this trend is expected to continue, with trade increasing by + 5.7% in 2018. This is one of the main conclusions of the International Trade Observatory, presented in Athens.

Global economy is undergoing the broadest and most synchronized recovery of the last decade. Economic growth was surprisingly positive in the first half of 2017, with stronger consumption and growth in investment. Moreover, and despite protectionist rhetoric, global trade has demonstrated openness to transactions and a focus on innovation, which benefits most markets.