Global Connectedness Reaches Record Highs Despite Decade of Shocks

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In a comprehensive analysis, the recently released “New DHL Global Connectedness Report 2024” by DHL and New York University’s Stern School of Business reveals that globalisation continued its upward trajectory, reaching a record high in 2022 and maintaining near-record levels in 2023. This surprising resilience persisted despite significant global shocks over the past decade, including the Covid-19 pandemic, conflicts in Ukraine and Gaza, and the US–China trade dispute.
Trade Growth to Surge in 2024, Boosting Global Connectedness
The report indicates that the share of global output traded internationally rebounded to a record high in 2022. Although trade growth experienced a brief slowdown in 2023, it is forecasted to accelerate in 2024, playing a pivotal role in enhancing global connectedness. The study monitors the movement of trade, capital, information, and people across 181 countries and territories.
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