'Covid-19 and world merchandise trade: Unexpected resilience'

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

Researcher
Gerdien Meijerink
Biography
Programme Leader, International Analysis unit, CPB Netherlands Bureau for Economic Policy Analysis
Researcher
Bram Hendriks
Biography
Coordinator of World Trade Monitor, CPB Netherlands Bureau for Economic Policy Analysis
Professor