by: Grow VC Group
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2014 is a year when world trade made a comeback. According to recent estimates, world trade in goods is poised to pick up to reach nearly 5 percent growth, more than doubling 2013 growth figures. Global trade in services – such as engineering, legal, technical, accounting, architecture, or any service where the provider is in one country and the buyer in another – continue robust growth.

This is great news after the 12 percent plunge in world trade in 2009 and the lackluster growth in trade over the past few years.

The long-term view is even better. HSBC projects that world trade in goods will grow 8 percent annually through 2030. This means that world trade will double between 2013 and 2022, and triple by 2028. Trade will yet again outpace global GDP growth, as it has over the past several years. In 1950-2005, world GDP grew about 5 times, but world trade grew 11 times! According to HSBC, 2016 is a major inflexion point: exports from advanced economies, particularly the United States, are set to expand very rapidly in 2016-2020.

Read the whole article in TradeUp Blog.

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Grow VC Group The Grow VC Group is the world leading, global pioneer of securities crowd funding, peer to peer marketplaces, new investment models and global business development. Established in 2009, the Group has developed new investment models on six continents and continues to innovate the global market.

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This entry was posted on Wednesday, April 16th, 2014 at 9:51 pm and is filed under Business Updates. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.