TAG: Economy
Global trade faces protectionist headwinds that are dampening the outlook for growth in the coming years. According to the World Trade Organisation (WTO), trade volume grew by 4.7% in 2017 and is expected to have moderated slightly to 4.4% in 2018 and dip to 4% in 2019.
On Monday's (01/04/19) BBC News Briefing, Oxford Business Group's Editor-In-Chief, Oliver Cornock, shares his thoughts on the morning's headlines from across the globe.
Defined by the UN as “the interface between economy, culture, technology and social aspects”, the term “creative economy” can seem rather abstract at first appearance. However, it is globally one of the most dynamic industries, more than doubling its value between 2002 and 2015 to reach $509bn, according to the UN Conference on Trade and Development. For a country bidding to diversify, ease dependency on commodities, innovate and add value to its economy, it seemed like a natural niche for Colombia.