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WTO: Goods trade should pick up in 2024, but ‘significant’ risks persist

April 10, 2024 at 11:24 AM
Global goods trade is expected to pick up this year and next following a slight dip in 2023, the World Trade Organization said on Wednesday, warning that ongoing conflicts, geopolitical tensions and protectionist economic policy could impact the forecasted rebound. The WTO’s newest Global Trade Outlook and Statistics report notes that goods trade shrunk by 1.2 percent in 2023 but projects growth of 2.6 percent in 2024 and 3.3 percent in 2025. In a statement accompanying the report , the...

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