WTO raises 2024 trade forecast, but risks remain

The World Trade Organization (WTO) has slightly revised its forecast for global merchandise trade growth in 2024, predicting a 2.7% increase from the previous estimate of 2.6%. However, the organisation warns that downside risks remain, primarily due to regional conflicts, geopolitical tensions, and policy uncertainty. The WTO’s October 2024 Global Trade Outlook and Statistics Update … Continue reading WTO raises 2024 trade forecast, but risks remain