WASHINGTON, Feb. 21 (Xinhua) -- Global trade growth is constrained by a number of factors, and policy uncertainty is one of them, the result of a World Bank policy paper showed on Tuesday.
The global merchandise trade grew by a little more than one percent in 2016, the weakest performance since the global financial crisis, and compared to 2 percent in 2015 and 2.7 percent in 2014, according to the paper.
Services trade continued to be to relatively resilient and recovered slightly following a decline in 2015, said the paper.
It also found that the sluggish trade growth was seen in both advanced and emerging market economies, while in previous years the weak trade performance had been concentrated in either high-income or developing countries.
The weak trade growth in 2016 continued to reflect enduring structural factors, such as the maturing of global value chains and the slower pace of trade liberalization. Cyclical factors, such as slow global growth and commodity prices declines, were also leading to the sluggish trade growth.
It also found that the increase in policy uncertainty may have also contributed to trade slowing in 2016. The research found that the increase in uncertainty may have reduced trade growth by about 0.6 percentage points in 2016.
"Policy uncertainty in Europe and the United States had a negative impact on trade by reducing overall global growth," said the paper's authors, World Bank economists Cristina Constantinescu, Aaditya Mattoo, and Michele Ruta.
"In a more uncertain environment, firms may choose to postpone investment and export decisions and consumers may cut back spending. The threat of unraveling trade agreements may also hurt trade growth by adding to policy uncertainty," they said.
The paper also emphasized the importance of trade agreements, saying that recent trade growth would have been even lower in the absence of trade agreements.
盘点历届奥运会乌龙事件
希拉里的胜利会危及男性吗
中国游客丢钱包 误入德国难民营
现在轮到硅谷来山寨中国企业了
李开复:15年内,全球半数工作将被人工智能取代
这些小善举,让你成为一个nice的同事
里约残奥会俄罗斯被全面禁赛
奥运特供:里约旅游小贴士
每天早晨喝热柠檬水的6大原因
奥运奖金哪家强?印尼是德国17倍
安徒生逝世141周年:童话之父的9句励志名言
奥运在即 祈祷场馆如期完工吧
刚工作就想辞职?7个建议给你参考
奥运慈善:世界名厨为巴西贫民烹制佳肴
小米推出廉价版虚拟现实头盔
心跳训练有助于职场抗压
北京五所名校试点拆墙 各大高校将打通?
职场杜拉拉:超级助理是如何炼成的
瑞士规定只养一条金鱼违法
为何我们没有婴儿时期记忆? 原因惊人!
再夺三金一铜,举重梦之队大爆发
《哈利波特》新书,你看过了吗?
天空飘来一幅云?咦 竟然是小熊维尼!
七夕虐狗:世界上最浪漫的结婚誓言
传说iphone7下个月发售 无线耳机+酷炫蓝紫色
世界英文拼字季军不会英文?
怎样和子女谈关于我的钱以及我有多少钱
奥运名将都爱拔火罐
有政府背景的中国集团收购AC米兰
网友两句话写出鬼故事 你敢看吗?
不限 |
英语教案 |
英语课件 |
英语试题 |
不限 |
不限 |
上册 |
下册 |
不限 |