The Limited Times

Now you can see non-English news...

Despite geopolitical tensions, the WTO does not see a “sustained trend towards deglobalization”

2024-04-11T05:04:49.687Z

Highlights: After a decline of 1.2% in volume in 2023, international trade is expected to grow again in 2024 and 2025, assures the World Trade Organization. In value, their fall reached 5%, for a total of 24,010 billion dollars (22,097 billion euros) This decline, due in particular to the fall in prices of basic products, such as oil and gas, was partly offset by the 9% jump in trade in services ($7,540 billion), driven by the resumption of travel international markets and the rise of digital services. Imports, low in Europe but also in North America and Asia, were doing well in fuel exporting countries. The world trade outlook is published in the latest edition of the WTO’s World Trade Outlook and Statistics report (WTO: “World Trade Outlook & Statistics” ‘World Trade outlook and Statistics’ ‘World trade outlook and statistics’, published by the Worldtrade Organization, is available online at: http://www.wto.org/.


After a decline of 1.2% in volume in 2023, international trade is expected to grow again in 2024 and 2025, assures the World Trade Organization.


After difficult years, world trade is returning to form. World trade in goods is expected to grow by 2.6% in 2024 and 3.3% in 2025 in volume, predicts the latest report

“World Trade Outlook and Statistics”

, from the World Trade Organization (WTO). ).

In 2023, even if they remained well above pre-Covid pandemic levels, international trade in goods fell by 1.2% in volume. In value, their fall reached 5%, for a total of 24,010 billion dollars (22,097 billion euros). This decline, due in particular to the fall in prices of basic products, such as oil and gas, was partly offset by the 9% jump in trade in services ($7,540 billion), driven by the resumption of travel. international markets and the rise of digital services.

Imports, low in Europe but also in North America and Asia, were doing well in fuel exporting countries...

Source: lefigaro

All news articles on 2024-04-11

You may like

Trends 24h

Latest

© Communities 2019 - Privacy

The information on this site is from external sources that are not under our control.
The inclusion of any links does not necessarily imply a recommendation or endorse the views expressed within them.