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Home Business World trade to grow by 2.6 percent this year: WTO

World trade to grow by 2.6 percent this year: WTO

by endroar
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In a recent report, the WTO warned that geopolitical tensions pose significant risks. There are signs of an impact on international trade.

The WTO said it expects global trade to recover gradually this year and to strengthen further next year, 2025. Because high inflation is coming down.

In the WTO's latest report entitled 'Global Trade Outlook and Statistics' or 'Global Trade Forecast and Statistics', the WTO predicts that total world trade will grow by 2.6 percent this year and by 3.3 percent in 2025. In 2023, total world trade fell by 1.2 percent compared to the previous year. Inflationary pressures and high interest rates then had a negative impact on international trade.

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