{"id":246755,"date":"2023-06-06T19:57:59","date_gmt":"2023-06-06T14:27:59","guid":{"rendered":"https:\/\/blog.forumias.com\/?p=246755"},"modified":"2023-06-06T19:57:59","modified_gmt":"2023-06-06T14:27:59","slug":"what-is-affecting-trade-momentum","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/what-is-affecting-trade-momentum\/","title":{"rendered":"What is affecting trade momentum?"},"content":{"rendered":"\n<p><strong>Source: <\/strong>This summary is based on the article &#8220;<strong> What is affecting trade momentum?<\/strong>&#8220;, published in <strong>The Hindu<\/strong> on 6th June 2023.<\/p>\n<h2><strong>What is the News?<\/strong><\/h2>\n<p>India\u2019s merchandise exports contracted by 12.7% year-on-year to $34.66 billion in April 2023.<\/p>\n<p>Similarly, imports fell by 14%, amounting to $49.90 billion. This decline is not exclusive to India, as other countries have also experienced drops in imports and exports, reflecting a reduction in global demand.<\/p>\n<h2><strong>What are the reasons behind slowing global trade?<\/strong><\/h2>\n<p>Weaker worldwide economic activities, inflation, tightening of monetary policies.<\/p>\n<p>Disrupted supply chains resulting from the Russia-Ukraine conflict. The conflict has affected the prices of energy, food, and commodities, with prices remaining high by historical standards.<\/p>\n<p>The collapse of financial institutions, such as crypto exchange FTX and three banks in the U.S., as well as declining confidence in Credit Suisse, has heightened financial instability.<\/p>\n<h2><strong>What are its effects?<\/strong><\/h2>\n<p>Sharp decrease in international trade, due to overall drop in demand for goods and services<\/p>\n<p>Discretionary spending has suffered, affecting certain imports and delaying expenditures.<\/p>\n<p>Inflation has further eroded individuals&#8217; purchasing power and impacted capital flow to developing countries.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Source: This summary is based on the article &#8220; What is affecting trade momentum?&#8220;, published in The Hindu on 6th June 2023. What is the News? India\u2019s merchandise exports contracted by 12.7% year-on-year to $34.66 billion in April 2023. Similarly, imports fell by 14%, amounting to $49.90 billion. This decline is not exclusive to India,&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/what-is-affecting-trade-momentum\/\">Continue reading <span class=\"screen-reader-text\">What is affecting trade momentum?<\/span><\/a><\/p>\n","protected":false},"author":10320,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[1566,9],"tags":[10498],"class_list":["post-246755","post","type-post","status-publish","format-standard","hentry","category-daily-factly-articles","category-public","tag-the-hindu","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704938931},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/246755","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/10320"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=246755"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/246755\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=246755"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=246755"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=246755"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}