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 rising geopolitical tensions and inflation.
WTO Director-General…
Read More...
Browsing Tag
World Trade
WTO forecasts continued contractions in trade
According to the figures reflected in the indicator published this Wednesday by the World Trade Organization (WTO), the drop in merchandise trade continues to accentuate during the first quarter of 2020.
The Merchandise Trade Barometer,…
The IMF warns of a decentralization in the global economy
The new managing director of the International Monetary Fund (FMI), Kristalina Georgieva, during her first speech at the head of the multilateral organization warned that 90% of countries experience a slowed synchronized economy, throwing…
WTO projects worse world trade behavior
In a scenario marked by the trade war between the United States and China, now extended to the financial sphere by the currency conflict between the two nations, the World Trade Organization (WTO) published its Barometer of Merchandise…