WTO cuts global trade growth forecast to 3% in 2022
The World Trade Organization (WTO) on Tuesday lowered its 2022 global trade forecast to 3 per cent, from 4.7 per cent, due to the ongoing conflict between Russia and Ukraine and a potentially more transmissible Omicron subtype fettering China. The forecast for 2023 is 3.4 per cent. The downward revision follows the Russia-Ukraine conflict that has impacted […]
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