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STRONG REBOUND

Image of Wrold Trade Organisation

Photo by Bloomberg

15th October 2021

     

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The World Trade Organisation (WTO) has raised its projections for global trade growth in 2021 and 2022 to 10.8% and 4.7%, respectively, citing the resurgence of economic activity in the first half of the year. In March, the WTO projected that trade would increase by 8% in 2021 and 4% in 2022. The 2021 increase in merchandise trade would mark the biggest year-on-year increase since 2010. Photograph: Bloomberg

Edited by Creamer Media Reporter

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