Multiple shocks to the world economy will cause a “sharp slowdown” in the rate of trade growth, according to the World Trade Organization.
Global merchandise trade volumes are forecast to grow by 3.5% in 2022, but trade growth is expected to slow to 1.0% in 2023.
Surging costs around the world caused by the invasion of Ukraine, tighter monetary policy (i.e. central banks hiking interest rates) hitting interest-sensitive...
https://www.shippingaustralia.com.au/wto-predicts-sharp-slowdown-in-trade-growth/