were previously particularly burdened. Retail trade and contact-intensive services in particular are likely to benefit from …

coronavirus rising sharply and containment measures tightened again in many countries. Industrial production and world trade have … next, with a particularly strong improvement in the outlook for the United States. World trade in goods is expected to grow … horizon world trade will thus be even higher than expected before the crisis. …

economic momentum in China being actually quite high. Unlike in spring, manufacturing output, international trade in goods, and … world trade in goods, we expect an increase of 8.8 percent, following a decline of 5.4 percent this year. …

global trade. Financial market turbulence in the course of the coming normalization of monetary policies and an escalation of … trade conflicts constitute major risks to our baseline forecast of a gradually moderating but still robust world economy. We …

likely remain high over the forecasting horizon. In particular, a further escalation of the trade conflict between the United … States and China as well as its potential extension to the trade relationship with the European Union constitute significant …

to significant downside risks in light of increasing trade tensions, investors withdrawing funds from emerging markets …

point towards a further deceleration towards the end of the year. Increased uncertainty from global trade conflicts and the … to expect world production to increase by 3.4 percent. The escalation of trade conflicts, the possibility of a “hard …