The economic boom after the Corona recession is driving inventory purchases by companies around the world. European and especially German companies are often left behind, while the United States leads the race for coveted supplies. This is the result of a study on global trade by credit insurer Euler Hermes. The US economy picked up much earlier in 2021 than in Europe. As a result, shipments of goods from China to the United States are currently increasing by around 30%, while those to Europe are only increasing by around 10%. According to the study, world trade has recovered surprisingly quickly and strongly: for the year as a whole, economists forecast a 7.7% increase in the volume of goods and services traded globally, after a decline by 8% the previous year.
August 25, 2021
July 28, 2021