GENEVA: Russia’s war in Ukraine could almost halve world trade growth this year and drag down global GDP growth too, the World Trade Organization (WTO) projected yesterday.WTO said that the Russian invasion had not only created a humanitarian crisis of “immense proportions” but had also dealt a “severe blow” to the global economy.It also said that in the longer term, the conflict could even spark a disintegration of the global economy into separate blocs.The Geneva-based global trade body issued its first analysis of the impact of the war ahead of its annual world trade forecast report today.It said that while the shares of Russia and Ukraine in overall world trade and output are relatively
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