World Trade Up despite June fall

On Wednesday the Netherlands Bureau for Economic Policy Analysis or the CPB for short released their July findings for world trade. It seems that trade increased by 2.2 percent worldwide. This comes at a very crucial point where June drops in world traded were under heavy debate by the G-20 members at their summit this month. July findings suggest that the worst to be feared will not in fact become reality. Developing economies in Asia were the backbone behind this growth by increasing imports up by 5.4 percent and exports by 5.7 percent.

                  World GDP grew by .9 percent again being pushed by the developing economies in Asia. Though the Middle East and Latin America surprised the world by increasing their trade flow worldwide as well. With this increased trade and GDP development the CPB has also published that world factory output is up by .5%. These indicators all seem to concur with the JP Morgan Global Purchasing index, which has hit its highest level in August since February 2011.

                  What’s more is that the World Trade Organization has released its projections that the world could see trade increases up to 3.8 percent for the rest of the year. It is also projecting growth of 4.5 percent for the year 2014. Though it is .5 percent lower than its April prediction of 5 percent. Current growth as well as future predictions are considerably more substantive than the 2012 total of 2 percent.

I response to this news please hit on the following-

What is driving this increased trade growth? Is their reason to worry about trade growth in the future? What in particular are Asian economies doing to increase their trade growth at the rate they are?