Global trade outlook and statistics 2023

April 7, 2023

It was released by World Trade Organization.
World merchandise trade volume is projected to grow 1.7% in 2023 before picking up to 3.2% in 2024.
Value of world commercial services trade increased 15% in 2022 to US$ 6.8 trillion.
Risks to the forecast are tilted to downside, including geopolitical tensions, food insecurity, potential financial instability stemming from monetary policy tightening, and increasing levels of debt.