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The World Trade Organization (WTO) has reported a substantial deterioration in its forecast for global trade in goods and services for 2025. According to new data, global trade may decrease by 0.2% in 2025 compared to previous growth expectations of 3%, which were projected as recently as October of last year. In its report, the WTO indicates that this forecast is based on the situation regarding foreign trade tariffs as of April 14. If the situation worsens, global trade could contract by up to 1.5% this year, while a recovery is expected in 2026 at a rate of 2.5%.
This is reported by Бізнес • Медіа