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Global trade faced headwinds prior to COVID-19 due to geopolitical tensions and rising inequality. The pandemic further disrupted trade relationships by closing borders and imposing lockdowns, distorting supply chains and reducing global output and trade in 2020. While all regions saw declines, advanced economies saw steeper drops in exports and imports compared to emerging markets. Massive fiscal and monetary support helped mitigate economic impacts, and trade began recovering in late 2020 as lockdowns eas

Author

Ali Asgher

Language

EN