• 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.
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