WTO anticipates sharp slowdown in world trade growth in 2023

Trade growth is expected to lose momentum in the second half of this year and remain subdued in 2023, as the global economy sustains multiple shocks, such as ripple effects from the war in Ukraine, the latest forecast from the World Trade Organization (WTO) has revealed.

Read the full article at:

https://news.un.org/feed/view/en/story/2022/10/1129302

Ukraine conflict putting global trade recovery at risk: WTO

12 Apr 2022

The war in Ukraine has created immense human suffering but it is also putting the fragile recovery of global trade at risk, and the impact will be felt across the planet, the World Trade Organization (WTO) said on Tuesday.

Global economic growth downgraded due to spillover from Ukraine war

18 May 2022

The global economy is expected to grow by only 3.1 per cent this year, down from the 4.0 per cent projected in January, largely derailed by the war in Ukraine, according to the UN’s latest World Economic Situation and Prospects (WESP) report, launched on Wednesday.

Global economy projected to show fastest growth in 50 years

15 Sep 2021

The global economy is expected to bounce back this year with growth of 5.3 per cent, the fastest in nearly five decades, according to the UN Conference on Trade and Development (UNCTAD).