A few ‘green shoots’, but future of global trade remains deeply uncertain

Although global trade is making a frail recovery, the outlook remains uncertain, UN trade and development body UNCTAD said on Wednesday, in announcing its latest COVID-era update. 

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Global trade is expected to be worth about $28 trillion this year - an increase of 23 per cent on pre-pandemic levels - but the outlook for 2022 remains very uncertain, UN economists said on Tuesday.