Instead of an increase of 4.7% in 2022, the volume of world merchandise trade should grow by only 3%, according to the estimates of the World Trade Organization (WTO) published on Tuesday 12 April. Merchandise trade is then expected to grow by 3.4% in 2023.
In her statements to the press, the organisation’s Director-General stressed the economic impact of the conflict in Ukraine, particularly for low-income countries: “Smaller supplies and higher prices for food mean that the world’s...