Global manufacturing activity is surging as government support programmes and low interest rates protect consumers' incomes while restrictions on leisure travel and other services divert spending into merchandise.
By John Kemp LONDON (Reuters) - Global manufacturing activity is surging as government support programmes and low interest rates protect consumers' in.
Global manufacturing activity is surging as government support programmes and low interest rates protect consumers' incomes while restrictions on leisure travel and other services divert spending into merchandise.
Global trade roars back from depths of covid-19 pandemic
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Global trade has rebounded from its collapse in the early stages of the pandemic, with China and other Asian manufacturing countries grabbing a bigger slice of exports of everything from masks to bikes market share they are expected to keep after the public-health crisis fades.
Now, as a global recovery gathers pace, trade will likely keep growing, say policy makers, business executives and economists. But it will be hampered by the growing difficulties factories face in meeting Western consumers’ appetite for goods.