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Global Trade outlook and statistics report 2024 - WTO
October 26 , 2024
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- WTO revised downwards its projection of world merchandise trade growth to 3 per cent in 2025, from its earlier estimate of 3.3 per cent.
- For 2024, the WTO revised upwards its forecast for merchandise trade growth to 2.7 per cent, up from the previous estimate of 2.6 per cent.
- The first half of 2024 saw 2.3 per cent year-on-year increase.
- Europe has continued to weigh heavily on global merchandise trade in 2024.
- Singapore, Malaysia and other Asian economies, including India and Vietnam, show stronger growth.
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