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Tag: World Trade Organization

WTO predicts global trade slowdown in 2023

Global trade growth is expected to slow to 1.7% in 2023 after increasing by 2.7% in 2022, according to forecasts released this Wednesday by the World Trade Organization (WTO). “Risks affecting the outlook point to a downside given geopolitical tensions, food insecurity, potential financial instability resulting from monetary tightening and rising debt,” the WTO...