Published 01 March 2020
Preliminary data for 2019 indicate a sharp decline in trade growth to negative 3 percent. The reasons were trade war between the US and China, fears of a disorderly Brexit in Europe and a negative global outlook more generally.
After a recovery in international trade in 2017 and the first half of 2018, economic conditions started deteriorating in the second half of 2018 and further in 2019. This most recent trend would make target 17.11 of the Sustainable Development Goals more difficult to achieve.
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UNCTAD
UNCTAD is a permanent intergovernmental body established by the United Nations General Assembly in 1964. Their headquarters are located in Geneva, Switzerland, and they have offices in New York and Addis Ababa.
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