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Ukraine War and Inflation to Limit Global Trade Growth in 2023, WTO Says
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The war in Ukraine and stubborn inflation around the world are expected to hold back growth in global trade this year, restraining the pace of economic recovery even as the world emerges from the height of the pandemic.
The World Trade Organization said Wednesday the volume of world merchandise trade is expected to expand 1.7% this year, following 2.7% growth in 2022. This year’s forecast falls well below the average annual growth rate of 2.6% since a trade slump after the 2008 financial crisis.
Read more on wsj.comAbout this in other media
Inflation Tests a Global Economy That Has Weathered Covid-19, Ukraine War wsj.com /1 year ago
Ukraine grain deal: ship inspections have resumed, says minister theguardian.com /1 year ago
Inflation Tests a Global Economy That Has Weathered Covid-19, Ukraine War wsj.com /1 year ago
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