WTO: Goods trade continues to recover, but outlook remains ‘highly uncertain’

Global goods trade is continuing its recovery and is expected to remain strong through the second and third quarters of 2024, although ongoing conflicts, geopolitical tensions and a downward trend for export orders make for a “highly uncertain” longer-term outlook, the World Trade Organization said on Wednesday. The WTO Goods Trade Barometer is a snapshot of trade trends, accounting for several different measurements and factors in one “reading.” A reading higher than the baseline of 100 indicates trade that is...