The International Chamber of Commerce’s (ICC) Global Policy department has recently released the report, Recent Trends in Trade and Trade Finance. This report delves into the impacts of the COVID-19 pandemic and the implications on global trade and finance, as well as the major challenges that can hamper a successful economic recovery.
While focused on trade, banking and finance issues, the report is also relevant to other policy areas, such as ICT, workers and the environment.
To complement this analysis, ICC also released a related presentation, looking at the global impact of the crisis in Ukraine on recovery and further inflation through, for example, supply-chain disruptions, lower consumer and business confidence, inflation in agriculture, manufacturing and energy, as well as liquidity and fiscal risks resulting from currency depreciations and increasing financing costs.
According to ICC, the “Recent Trends in Trade and Trade Finance” report will be used for advocacy geared toward increasing resilience to trade disruptions by enhancing trade digitalization.