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OECD: G20 goods trade falls for first time in two years

November 22, 2022 at 5:16 PM
Merchandise trade by G20 countries in the third quarter of 2022 fell for the first time in two years amid cooling global demand, the Organization for Economic Cooperation and Development said on Tuesday. Exports and imports by G20 members contracted by 1.3 percent and 1.1 percent, respectively, “as global demand began to slow and most commodity prices receded from their peak,” according to a Nov. 22 statement issued by the OECD. OECD Chief Statistician Paul Schreyer said in the statement...

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