 Total trade flows reached nearly 20% above pre-pandemic levels in 2021, according to new data from The ICC, with default rates dropping across all categories. For supply chain finance, the obligor-weighted default rate decreased from 0.93% in 2020 to 0.06%
The data comes from the 2022 Trade Register report, produced by ICC with partners Global Credit Data (GCD) and Boston Consulting Group (BCG). Despite the current macroeconomic uncertainty, BCG expects global goods trade to continue to grow at a further 5.6% compound annual growth rate (CAGR) over the next 10 years on a nominal basis, and 2.3% in real terms. Despite the current macroeconomic uncertainty, BCG expects global goods trade to continue to grow at a further 5.6% compound annual growth rate (CAGR) over the next 10 years on a nominal basis, and 2.3% in real terms. Comments are closed.
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