Global trade is expected to see a modest rebound in 2024 after experiencing a decline in 2023 for only the third time in 30 years. That’s what the World Trade Organization predicts. This upward trend is attributed to easing inflationary pressures. However, the WTO has also revised its initial 2024 growth forecast downwards to 2.6% from 3.3%, citing potential risks. These risks include geopolitical tensions & rising protectionism.

Global goods trade to rebound slowly in 2024

The world merchandise trade volume is projected to pick up gradually and increase by 2.6% in 2024 and 3.3% in 2025 after falling 1.2% in 2023 due to the lingering effects of high energy prices and inflation. World Trade Organisation (WTO) economists said in a new forecast

WTO: Global goods trade to rebound slowly in 2024

global-goods-trade

Global Goods Trade, News on Global Goods Trade, stories on Global Goods Trade, articles on Global Goods Trade, Global Goods Trade stories at Wion, Global Goods Trade news, Global Goods Trade latest news

global goods-trade

Global goods trade to rebound slowly in 2024

WTO: Global goods trade to rebound slowly in 2024