WTO sees sharp slowdown in global trade, pointing to possible recession and lower inflation

Global trade in goods is expected to slow more sharply than expected next year, possibly easing inflationary pressures but increasing the risk of a global recession, according to a new forecast.

With soaring energy costs and rising interest rates weakening household demand, exports and imports are expected to grow only 1% in 2023, compared to a previous forecast of 3.4%, a announced Wednesday the World Trade Organization.


Not all news on the site expresses the point of view of the site, but we transmit this news automatically and translate it through programmatic technology on the site and not from a human editor.
Back to top button