12  BIS central bankers’ speeches  BIS central bankers’ speeches  13  14  BIS central bankers’ speeches  BIS central bankers’ speeches  15  16  BIS central bankers’ speeches  BIS central bankers’ speeches  17  18  BIS central bankers’ speeches  BIS central bankers’ speeches  19  20  BIS central bankers’ speeches  BIS central bankers’ speeches  21  22  BIS central bankers’ speeches  BIS central bankers’ speeches  23  24  BIS central bankers’ speeches  BIS central bankers’ speeches  25
This means that world trade, too, will finally gain more impetus, with growth accelerating from 2.4% last year to 4.2% this year. That is good news for German exporters. The debates on trade restrictions, which are being conducted in some countries, are causing headaches for export-oriented enterprises, however. Protectionist tendencies, alongside geopolitical conflicts, are among the most significant downside risks to global economic activity.