The World Trade Organization established the projections for world trade growth for 2024 and 2025, placing them at 2.7 % and 3 %, respectively.
According to the international institution, it has established the estimates taking into account destabilizing factors such as the increase in geopolitical…
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geopolitical tensions
Global merchandise trade is recovering
The World Trade Organization (WTO) Goods Trade Barometer reported that the volume of global goods trade has seen a recovery after a recent contraction. This improvement is mainly attributed to the boost generated by the production and sale…
World Merchandise Trade has grown less than expected
The World Trade Organization (WTO) announced that global merchandise trade growth in volume this year will be just 0.8 %, which represents less than half of the initial April projection of 1.7 %. This drastic slowdown is attributed to…