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WTO: Global goods trade on track for gradual recovery despite lingering downside risks
In the October 2024 update of “Global Trade Outlook and Statistics,” WTO economists note that global merchandise trade turned upwards in the first half of 2024 with a 2.3% year-on-year increase, which should be followed by further moderate expansion in the rest of the year and in 2025. The rebound comes on the heels of a -1.1% slump in 2023 driven by high inflation and rising interest rates. World real GDP growth at market exchange rates is expected to remain steady at 2.7% in 2024 and 2025. Inflation by the middle of 2024 had fallen sufficiently to allow central banks to cut interest rates. Lower inflation ... (full story)
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- Posted: Oct 10, 2024 11:11pm
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 4,336
