Question
The global trade (goods & services) recorded what percent increase in 2021, over the previous year 2020, as per the annual Global Trade Update 2022 released by UNCTAD?
Answer: Option D
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The UN Conference on Trade and Development released its annual Global Trade Update 2022, which shows that the value of global trade, both in goods and services, reached a record level of $28.5 trillion in 2021. This is an increase of 25% compared to 2020 and 13% higher compared to 2019.
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