1 “...Global trade imbalances narrowed in the aftermath of the global financial crisis. They have...”

2 “...World trade growth was rapid in the two decades prior to the global financial crisis but has halved...”

3 “...The increase of emerging market economies in international trade and rapid rise in global trade...”

4 “.... The simulations use two large-scale models: a global macroeconomic model (NiGEM) and a general equilibrium trade...”

5 “... for almost a decade when the global crisis struck, sharply increasing the deficit. The loss of confidence...”