Published 2 years ago

WTO predicts trade growth to slow next year amid crises

Summary by National Post

The World Trade Organization is predicting global trade volumes will grow a lackluster 1% next year as crises and challenges weigh on markets, including high energy prices, rising interest rates and uncertainties about Chinese manufacturing output amid the lingering COVID-19 pandemic.

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News18 India

WTO Sees Sharp Slowdown In Global Trade Volume Growth in 2023; Here's Why

WTO says there is a high degree of uncertainty associated with the forecast due to shifting monetary policy in advanced economies and uncertain Russia-Ukraine war

2 years ago·India

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Reuters

WTO sees sharp slowdown in global trade growth in 2023

GENEVA - The World Trade Organization forecast a sharp slowdown of global goods trade growth next year as spiralling energy prices, rising interest rates and higher bills for food and fertiliser curb import demand. The Geneva-based trade body said on Wednesday that merchandise trade would increase by 3.5% this year, up from its April estimate of 3.0%. However, for 2023, it sees trade

2 years ago·United Kingdom

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Associated Press News

WTO predicts trade growth to slow next year amid crises

GENEVA (AP) — The World Trade Organization is predicting global trade volumes will grow a lackluster 1% next year as crises and challenges weigh on markets, including high energy prices,

2 years ago·United States

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abc News

WTO predicts trade growth to slow next year amid crises

The World Trade Organization is predicting global trade volumes to grow a lackluster 1% next year as higher energy prices, rising interest rates and uncertainties about Chinese manufacturing output amid the lingering COVID-19 pandemic weigh on markets

2 years ago·United States

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KRDO

WTO predicts trade growth to slow next year amid crises

By JAMEY KEATEN Associated PressGENEVA (AP) — The World Trade Organization is predicting global trade volumes to grow a lackluster 1% next year as higher energy prices, rising interest rates and uncertainties about Chinese manufacturing output amid the lingering COVID-19 pandemic weigh on markets. The Geneva-based trade body says the total amount of goods shipped between countries are expected to rise 3.5% this year, up from the 3% that WTO anti…

2 years ago·Colorado Springs, United States

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KVIA

WTO predicts trade growth to slow next year amid crises

By JAMEY KEATEN Associated PressGENEVA (AP) — The World Trade Organization is predicting global trade volumes to grow a lackluster 1% next year as higher energy prices, rising interest rates and uncertainties about Chinese manufacturing output amid the lingering COVID-19 pandemic weigh on markets. The Geneva-based trade body said Wednesday that the total amount of goods shipped between countries are expected to rise 3.5% this year, up from the 3…

2 years ago·Panama City, United States

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