Global trade is back on track after a period of depression. But the US consumers are still playing in back foot in regard to trade. World’s biggest exporter like Germany, US and China are expected to look positive regarding trade as the recession is loosening its grip on the world economy.

Uri Dadush, an economist with the Carnegie Endowment for International Peace in Washington and a former director of international trade for the World Bank pointed out that the loose money clearly plays its part in the recovery of trade, but there is also evidence that demand is rebounding.

"While the private sector is picking up somewhat hesitantly, it is nevertheless picking up -- in this country, in Europe, and it is picking up big-time in Asia, which is a very large part of the picture," he said.

During the worst phase of this crisis, Japanese exports were divided and were off by about a third from China. US households faced an $11 trillion drop in wealth and it cut back on all but the bare necessities. US is cautious with unemployment around 10%.

Economist is in the view that Germany's exports grew in September after an unexpected drop in August. China's exports are also on mend, although they are still expected to post a sharp year-over-year decline for October.

Source: Reuters