Global trade growth could more than double in 2024. Here’s why
WEBMay 14, 2024 · Meanwhile, the IMF’s latest World Economic Outlook puts world trade growth at 3% and 3.3% for 2024 and 2025, respectively, despite revising down its projections from earlier in the year. And the WTO projects world merchandise (goods) trade volumes to grow 2.6% and 3.3% in 2024 and 2025, respectively, after a significant …
International trade: What you need to know this month
WEBMar 28, 2024 · This monthly roundup brings you a selection of the latest news and updates on global trade. Top international trade stories: New UN update suggests trade will rebound in 2024; India and EFTA sign new trade deal; Supply chain concerns after cargo ship hits US bridge. 1. Global trade set to rebound in 2024. The latest Global Trade Update from …
International trade: What you need to know this month
WEBJan 30, 2024 · This monthly round-up brings you a selection of the latest news and updates on global trade. Top international trade stories: Lessons from Davos on the state of global trade; Red Sea shipping attacks "chaotic" for European manufacturers and retailers; European Commission scales back plans to impose tighter controls on outward …
The biggest international trade news for December 2023 | World …
WEBDec 7, 2023 · Droughts, floods, storms, wildfires and other extreme events are becoming more frequent and more intense as the climate crisis intensifies, increasing the threat of disruption to international trade and damage to maritime infrastructure, the IMF says. 2. EU-Mercosur trade deal faces delays. A long-delayed trade treaty between the EU and the ...
World trade: Biggest news stories for December 2022 | World …
WEBDec 7, 2022 · 1. Goods trade growth to slow in coming months: WTO. Global trade growth is likely to slow in late 2022 and into 2023 because of economic headwinds, according to the latest World Trade Organization (WTO) Goods Trade Barometer. The WTO has identified negative trends in export orders, air freight and electronic components, all of …
This is the current state of global trade | World Economic Forum
WEBOct 4, 2021 · Emerging economies have seen their share of total global trade rocket in recent years. China, for instance, is now responsible for 15% of all world exports. Unfinished goods, components and services account for 70% of all trade. While trade in services accounts for two-thirds of global GDP, COVID-19 has had a devastating impact …
New report details global trade challenges - and other …
WEBJun 21, 2024 · This monthly round-up brings you a selection of the latest news and updates on global trade. Top international trade stories: A new World Bank report highlights global trade challenges and slow recovery; Emerging economies' share of world trade has doubled over past 60 years, UNCTAD says; India sees boom in exports; and more.
International trade: What you need to know this month
WEBOct 10, 2023 · 1. WTO halves trade growth forecast for 2023. The World Trade Organization (WTO) has halved its growth forecast for global goods trade this year, dropping it to 0.8% from 1.7%. "The trade slowdown appears to be broad-based, involving a large number of countries and a wide array of goods, specifically certain categories of …
The biggest news about international trade in April 2023 | World ...
WEBApr 26, 2023 · The forecast is higher than the WTO's October estimate for 2023 growth of 1.0% because of an improvement in the outlook for the global economy. But it is still below the 2.6% average for the 12 years since trade volumes collapsed after the global financial crisis. World merchandise trade volumes will rise by 1.7% in 2023, the WTO predicts.
Leaders warn over decoupling, and other world trade news
WEBJul 17, 2024 · Leaders warned that trade and technological decoupling is impacting businesses and consumers as prices rise and supply chains get disrupted. "You see the global tension between the US and China, you see the polarized world," said Mohamad Al-Ississ, Minister of Finance of Jordan. "The challenge is, frankly, that mistrust is there.