ABN Amro: Global trade to grow six percent this year

In a new analysis, ABN Amro predicts a six percent increase in global trade in both 2014 and 2015, compared to a 2.5 percent increase last year. The Crimea crisis could hit Russia hard.

Global trade could face a significant increase this year, judging by a new ABN Amro analysis. The bank, which participated in the CapitalLink conference on shipping investments last week, predicts that global trade will increase by six percent in both 2014 and 2015.

The Chinese economy remains the key growth engine in the global economy. The country's growth rates are expected to reach 7.5 percent this year and 7.0 percent next year. ABN Amro thus concurs with a majority of analysts and financial market observers, which anticipate a somewhat more adapted financial development in China.

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