Trademagazin > News and articles > Market News > The WTO has lowered its global trade and economic growth forecast
The WTO has lowered its global trade and economic growth forecast
It has lowered its forecasts for global economic turnover and global gross domestic product growth, compared to its previous October forecast in a World Trade Organization (WTO) report released on Tuesday.
The volume of world trade in goods is expected to grow by 3.0 percent in 2022 from 4.7 percent previously expected and by 3.4 percent in 2023, but these figures may change due to uncertainty about the course of the conflict in Ukraine. (MTI)
Related news
The EU is turning to the WTO over China’s anti-subsidy investigation into dairy products
The European Commission has submitted an official consultation request to…
Read more >Márton Nagy: slower growth, rescheduled investments and cautious residential consumption are expected
In an interview with Index, Minister of National Economy Márton…
Read more >German exports fell by 1.6 percent and imports by 6.2 percent in the first half of this year
Germany’s exports and imports decreased in the first six months…
Read more >
More related news >
Related news
Why are parcel locker providers getting stuck? This data points to the reasons
Parcel terminals are becoming increasingly popular: this year, nearly three-quarters…
Read more >Sustainability and health: the rise of plant-based dairy products in Hungary
In recent years, plant-based dairy alternatives have gained significant popularity…
Read more >Milk and dairy products are becoming more expensive: what is behind the price increase?
The price of milk and dairy products has increased significantly…
Read more >