World trade still increased in the second quarter, but considerably less quickly than in the first three months of this year. This was calculated by the Central Planning Bureau (CPB), which points, among other things, to the flattening growth in China and other emerging economies in Asia.
According to the important economic adviser to the cabinet, this seems to have put an end to the strong recovery in global goods trade after falling sharply during the corona crisis outbreak last year.
Growth in the second quarter was 1.3 percent, compared to 3.5 percent in the months of January to March. In June, there was 0.5 percent growth, which reversed the contraction of 0.7 percent in May.
The CPB concludes that world trade is stabilizing after turbulent times around corona. This also applies to industrial production. It rose 1 percent in June after falling 1.2 percent in May.
In the second quarter, production in the industry, which is suffering from material supply problems, chip shortages and staff shortages worldwide, shrank by 0.2 percent.
