Global trade in goods and industrial production both returned to pre-pandemic levels for the first time late last year, after suffering a historic dip due to lockdowns and restrictions to control the spread of coronavirus.
The volume of goods traded rose by 2.1 per cent month-on-month in November according to data from the Netherlands Bureau for Economic Policy Analysis, taking it above its December 2019 level.
That was up 1.5 per cent from its level the year before, and the first increase on an annual basis since the pandemic hit.
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