The global trade recovery accelerated in March with growth of 12.0% year over year in the dollar value of trade, according to CPB figures, led by emerging Asian economies. Yet, growth compared to the same period of 2019 was just 5.8%. Ongoing commodity price inflation has also been a positive factor, with the volume of trade in March 2021 only 4.2% above March 2019. Preliminary macroeconomic data for 16 countries shows growth of 45.7% year over year in April, compared to what was the nadir of pandemic disruptions for many countries. Growth compared to April 2019 was a still-considerab...