{"id":98066,"date":"2022-04-14T11:17:25","date_gmt":"2022-04-14T05:47:25","guid":{"rendered":"https:\/\/www.gkseries.com\/blog\/?p=98066"},"modified":"2022-09-19T13:20:10","modified_gmt":"2022-09-19T07:50:10","slug":"wto-cuts-global-trade-growth-forecast-to-3-in-2022","status":"publish","type":"post","link":"https:\/\/www.gkseries.com\/blog\/wto-cuts-global-trade-growth-forecast-to-3-in-2022\/","title":{"rendered":"WTO cuts global trade growth forecast to 3% in 2022"},"content":{"rendered":"\n<p>The&nbsp;World Trade Organization&nbsp;(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.<\/p>\n\n\n\n<p>The downward revision follows the Russia-Ukraine conflict that has impacted commodity prices, disrupted supplies and intensified geopolitical and economic uncertainty. For 2023, this merchandise trade volume growth is projected at 3.4%.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The&nbsp;World Trade Organization&nbsp;(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 [&hellip;]<\/p>\n","protected":false},"author":894,"featured_media":98071,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3695],"tags":[82,58,3860],"offerexpiration":[],"class_list":["post-98066","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-current-affairs-april-2022","tag-economy-current-affairs","tag-international-current-affairs","tag-world-trade-organization"],"_links":{"self":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/98066","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/users\/894"}],"replies":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/comments?post=98066"}],"version-history":[{"count":1,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/98066\/revisions"}],"predecessor-version":[{"id":98072,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/posts\/98066\/revisions\/98072"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media\/98071"}],"wp:attachment":[{"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/media?parent=98066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/categories?post=98066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/tags?post=98066"},{"taxonomy":"offerexpiration","embeddable":true,"href":"https:\/\/www.gkseries.com\/blog\/wp-json\/wp\/v2\/offerexpiration?post=98066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}