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What are the latest trends in global trade?
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Global trade is experiencing a cautious recovery in 2024, with a 1% increase in goods trade and 1.5% in services in the first quarter. Major growth is driven by exports from China, India, and the US, while European exports stagnated. Conversely, trade in goods declined by 5% in 2023, despite an 8% rise in services, primarily from a surge in the tourism sector[1][2][4][5]. Geopolitical tensions and shipping disruptions pose challenges to sustained growth moving forward[4].
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