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WTO Raises Forecast for Trade Rebound
World Trade Organization slightly raises 2024 goods trade forecast but wary of potential setbacks
The Geneva-based WTO projected that global goods trade will increase by 2.7% this year, compared with the 2.6% it forecast in April. But it predicted growth of 3% next year, down from the 3.3% it forecast previously. Last year, the volume of world merchandise trade was down 1.1%, pushed lower by high inflation and rising interest rates.
WTO Raises Forecast for Trade Rebound as Interest Rates Fall
World trade is set to rebound this year at a slightly faster pace than previously forecast as central banks lower their key interest rates, the World Trade Organization said Thursday.
WTO slightly raises 2024 goods trade forecast
The World Trade Organization (WTO) raised its outlook for global goods trade this year slightly, but cautioned on Thursday that increasing geopolitical tensions and uncertainty over economy policy pose "substantial" risks to its forecast.
WTO Forecasts Moderate Trade Recovery Amid Geopolitical Tensions
The World Trade Organization predicts a 2.6% growth in world merchandise trade volume in 2024 and 3.3% in 2025. Despite challenges in 2023, the WTO anticipates an economic boost from rising incomes and manufacturing demands,
WTO Says Outlook for Goods Trade Is Clouding Amid Mounting Risks
Global goods trade in 2025 will grow less then initially forecast, the World Trade Organization said, as rising instability weighs on economic activity and threatens to disrupt shipping.
WTO Forecasts Gradual Trade Recovery In 2024, 2025
Global goods trade is on course for modest growth throughout 2024 and 2025, despite risks emanating from the conflict in the Middle East, the World Trade Organization forecast Thursday.
3d
on MSN
World Trade Organization slightly lifts 2024 global good trade outlook
The World Trade Organization on Thursday lifted its estimate for global goods trade to rise 2.7% this year, up from its view ...
3d
Global trade could climb 3% in 2025 if MidEast conflicts contained, WTO says
The World Trade Organization on Thursday nudged up its forecast for global trade volumes this year and said a further pick up ...
3d
Global Trade Grows but Remains Vulnerable to War and Geopolitics
New reports from the World Trade Organization and a Washington think tank showed how robust global trade could quickly be ...
Foreign Affairs
6d
The World Is Abandoning the WTO
But over the last 15 years, WTO negotiations have frequently resulted in stalemate, evident most notably in the failed Doha ...
devdiscourse
22h
Taiwan Opposes China's Economic Pressure Over Trade Barriers
Taiwan's Mainland Affairs Council has opposed China's 'economic oppression' as China explores counteractions for Taiwan's ...
newcoldwar.org
14h
Canada-China trade dispute comes amid paralysis of international trade governance
Policy complexity of Canada escalating the trade war. In late August, Canada announced a 100 per cent surtax on electric veh ...
2d
French brandy producers brace for impact of EU-China trade dispute
In this grape-growing region of western France, where brandy producers are fretting over the fallout from a trade dispute ...
4d
on MSN
China's Trade War With the West Intensifies
China's trade spat with the European Union deepened as Beijing introduced tariffs of up to 30 percent on brandy originating ...
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