WTO cuts 2025 world merchandise trade growth forecast to 3% from 3.3%:

Daily Current Affairs / WTO cuts 2025 world merchandise trade growth forecast to 3% from 3.3%:

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Category : Business and economics Published on: October 15 2024

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The World Trade Organization (WTO) revised downwards its projection of world merchandise trade growth to 3 percent in 2025, from its earlier estimate of 3.3 percent.
The trade body warned that an intensification of the conflict in West Asia could have adverse consequences for global and regional trade flows, with effects also being felt in other regions. These may include “further disruptions” to shipping and rising energy prices due to higher risk premiums.