
WTO revises global trade forecast to a decline amid US tariff impact
On Wednesday, the World Trade Organization (WTO) announced a significant revision of its global merchandise trade forecast, projecting a downturn of 0.2% for the current year. This marks a stark contrast to the 3.0% growth anticipated in October. The revised forecast is based on the current trade measures as of the start of this week.The WTO attributed the downward revision to the potential reintr ...