The latest update from UNCTAD, the United Nations Conference on Trade and Development, suggests that while global trade has slowed, it is seeing continued growth in trade of 'environmental goods' - refering to products that are designed to use fewer resources or emit less pollution than their traditional counterparts. Global trade in goods was estimated at US$25trn in 2022, declining by 3% in the fourth quarter. But trade in services remained almost constant, finishing the year at US$7trn. The trend toward weaker trade has been especially felt in developing nations, since the end of ...
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