April 25, 2024
Economy
Global trade to grow by 3%: BOK
[THE INVESTOR] South Korea’s central bank said on April 18 that global trade is expected to expand by 3.1 percent this year.
The Bank of Korea said the US economy is forecast to grow by 2.2 percent, while the Chinese and Japanese economies are expected to expand by 6.5 percent and 1.2 percent, respectively. The economic recovery in the US and other major countries could give a boost to world trade.
As global raw material transactions start to rise, raw material exporting countries begin to increase imports of overseas products, which is another factor that could contribute to a recovery in global trade.
By Alex Lee and newswires (alexlee@heraldcorp.com)
The Bank of Korea said the US economy is forecast to grow by 2.2 percent, while the Chinese and Japanese economies are expected to expand by 6.5 percent and 1.2 percent, respectively. The economic recovery in the US and other major countries could give a boost to world trade.
As global raw material transactions start to rise, raw material exporting countries begin to increase imports of overseas products, which is another factor that could contribute to a recovery in global trade.
By Alex Lee and newswires (alexlee@heraldcorp.com)
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