World Trade Organization slightly raises 2024 goods trade forecast but wary of potential setbacks ...Middle East

News10NBC - News

GENEVA (AP) — The World Trade Organization raised its outlook for global goods trade this year slightly, but cautioned Thursday that increasing geopolitical tensions and uncertainty over economy policy pose “substantial” risks to its forecast. The Geneva-based WTO projected that global goods trade will increase by 2.7% this year, compared with the 2.6% it forecast in April. But it predicted growth of 3% next year, down from the 3.3% it forecast previously. Last year, the volume of world merchandise trade was down 1.1%, pushed lower by high inflation and rising interest rates. The global trade body cautioned that “rising geopolitical tensions and increased economic policy uncertainty continue

Hence then, the article about world trade organization slightly raises 2024 goods trade forecast but wary of potential setbacks was published today ( Thursday 10/10/2024 - 04:24 PM ) and is available on News10NBC ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( World Trade Organization slightly raises 2024 goods trade forecast but wary of potential setbacks )

Last updated : 10 October 2024 clock 04:24 PM

Also on site :

World Trade Organization slightly raises 2024 goods trade forecast but wary of potential setbacks ...Middle East

Trump confirms he asked Fifa to review Balogun ban

Dave Grohl: Pixies’ Surfer Rosa Is a “Perfect Record”

Sarajevo’s CineLink Reveals Lineups of Co-Production Market and Drama Sections, Partners With Cannes’ Critics’ Week

The Hottest Item in Fashion This Summer? A Soccer Jersey

How Zohran Mamdani Saved the Fourth of July

Trump’s Reflecting Pool Reno Is So Bad, They Have to Drain It Again

XRP Manipulation Phase Ending as Monthly Oscillator Shows Slow Shift to Uptrend

Nikki Garcia Shares Health Update After Pre-WrestleMania Ankle Injury

The mystery over Restore’s £2.5m start-up cash

27-year-old Pingree Grove woman riding bike killed in hit-and-run in far NW suburbs; roads closed

Xbox are parting ways with Double Fine, Arkane, Undead Labs, Compulsion, and Ninja Theory in the course of thousands of layoffs

/C O R R E C T I O N -- Beko/

Why Adam Sandler Headed to a Nantucket Basketball Court After Travis Kelce and Taylor Swift’s Wedding

Shootings leave 2 dead, another 11 injured in Boston as councilors call for ‘public safety summit’

No Possession? No Problem: England Look at Their Best in Transition