@article{wto:/content/papers/25189808/212, author = "World Trade Organization", title = "The Falling Elasticity of Global Trade to Economic Activity", journal= "WTO", year = "2017", volume = "", number = "", pages = "", doi = "https://doi.org/10.30875/eef4ec0f-en", url = "https://www.wto-ilibrary.org/content/papers/25189808/212", publisher = "WTO", issn = "", type = "", abstract = "Since the recovery from the great financial crisis in 2010, global real trade flows grew much slower than pre-crisis, in both absolute terms (growth rates) and relative terms (relative to GDP, from 2:1 in the great 1990's to 1:1 since 2012) A debate has arisen as to whether this global trade slowdown, and related falling trade-to-income elasticity, was structural or cyclical.", }