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Bookmark or Share- 5 top global trade stories of 2024 - The World Economic ForumIn April, the World Trade Organization (WTO) raised its global trade growth forecast. It subsequently revised expectations upwards, from 2.6% to 2.7%, in October due to resilience in demand despite ongoing geopolitical challenges. Trade recovery was anticipated, particularly in sectors like technology and energy.
- Global trade growth could more than double in 2024. Here’s whyThe World Economic Forum’s Global Future Council on the Future of Trade and Investment supports the reshaping of global trade to create sustainable, resilient and equitable trade growth. Global trade growth is set to increase by more than two-fold this year, driven by low inflation and a booming US economy.
- 5 charts on the future of global trade | World Economic ForumA slump in trade that started in the fourth quarter of 2022 has led the World Trade Organization (WTO) to downgrade its expectations of global trade in goods in 2023. The WTO now expects that the global trade in merchandise will grow just 0.8% in 2023, down from its earlier forecast of 1.7%.
- New report details global trade challenges - and other international ...The report forecasts global trade growth to improve to 2.5% this year, supported by increased goods demand and inventory restocking in the US and Europe, and stabilizing demand from China. Despite this growth, global trade is set for its slowest half-decade since the 1990s, reflecting subdued global GDP growth.
- This is the current state of global trade | World Economic ForumInternational trade is the lifeblood of the world economy, but is subject to constant change from economic, political and environmental forces. 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.
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