CHINA's exports likely grew more quickly and for a second month in December, a Reuters poll of economists showed, saying there were signs global trade is starting to recover thanks to an upturn in the electronics industry.
There were also expectations of lower borrowing costs in 2024, reported Reuters. Outbound shipments from china are expected to have risen 1.7 per cent in December from a year earlier, after ending a seven-month slump and growing 0.5 per cent in November, according to the median forecast of 32 economists polled.
Global trade slowed in 2023 as higher interest rates in the United States, Europe and other major consumer markets crimped demand.
The United Nations warned trade in goods likely contracted by nearly US$2 trillion or eight per cent last year. But improving Chinese, South Korean and German export data suggests conditions are slowly turning a corner.
SeaNews Turkey
There were also expectations of lower borrowing costs in 2024, reported Reuters. Outbound shipments from china are expected to have risen 1.7 per cent in December from a year earlier, after ending a seven-month slump and growing 0.5 per cent in November, according to the median forecast of 32 economists polled.
Global trade slowed in 2023 as higher interest rates in the United States, Europe and other major consumer markets crimped demand.
The United Nations warned trade in goods likely contracted by nearly US$2 trillion or eight per cent last year. But improving Chinese, South Korean and German export data suggests conditions are slowly turning a corner.
SeaNews Turkey
