The World Trade Organisation (WTO) revised its projection for merchandise trade volume to grow increase by 2.6 percent in 2024 and by 3.3 percent in 2025.

International

The World Trade Organisation (WTO) revised its projection for merchandise trade volume to grow increase by 2.6 percent in 2024 and by 3.3 percent in 2025. The WTO expects demand for traded goods to rebound in 2024 with easing inflationary pressures and improvement in household incomes. In 2023, merchandise trade volumes are estimated to have to contracted by 1.2 percent. Merchandise exports of least developed countries (LDCs) are projected to grow at 2.7 percent this year, down from 4.1 percent last year, before growth accelerates to 4.2 percent in 2025. Meanwhile, imports by LDCs should grow at 6 percent in 2024 and 6.8 percent next year following a 3.5-percent contraction in 2023. The report estimates that global GDP growth at market exchange rates will remain mostly stable over the next two years at 2.6 per cent in 2024 and 2.7 per cent in 2025, after slowing to 2.7 percent in 2023 from 3.1 percent in 2022.


      North America (3.6 percent), the Middle East (3.5 percent) and Asia (3.4 percent) should all see moderate export growth, while South America is expected to grow slower, at 2.6 percent.

     

     

 

     


World Trade Organization (WTO)

Founded- January 1995
HQ- Geneva, Switzerland
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