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.


Wj

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