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| Type | Working Paper |
| Scope | Discipline-based scholarship |
| Title | Crumbling economy, booming trade: the surprising resilience of world trade in 2020 |
| Organization Unit | |
| Authors |
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| Language |
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| Institution | University of Zurich |
| Series Name | Kühne Center Impact Series |
| Number | 01-21 |
| Number of Pages | 8 |
| Date | 2021 |
| Abstract Text | How can it be that we experience a historic recession, but international trade is doing just fine? In this Kühne Impact Series, we argue that the COVID-19 recession is one in which non-tradable services suffer but tradable goods thrive. Reasons include that (i) consumption of in-person services is restricted; (ii) demand for consumer durables is strong; (iii) demand for medical goods is high; and (iv) online shopping is popular. |
| Official URL | https://www.kuehnecenter.uzh.ch/impact_series/2021_02_23-01-21-crumbling_economy_booming_trade.html |
| Other Identification Number | merlin-id:24427 |
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