In this column, published on Vox, Peter van Bergeijk, Gerdien Meijerink and Bram Hendriks compare the recent economic contraction, and partial recovery as a result of the Covid-19 pandemic, to the 2008/2009 Global Crisis and the Great Depression.
The outbreak of the Covid-19 pandemic led to a 14% dive in world trade by April 2020.
The authors' analysis suggests that the current trade recession appears to been sharper and stronger but is also showing a quicker recovery than the previous crises.
'Covid-19 and world merchandise trade: Unexpected resilience' - read the full article
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