WTO downgrades global trade growth forecast to 0.5% for next year
[Engineering News - South Africa] - 7/10/2025
The World Trade Organization (WTO) sharply lowered its 2026 forecast for global merchandise trade volume growth to 0.5% on Tuesday, citing expected delayed impacts from US President Donald Trump's tariffs. It marks a significant revision down from its previous estimate in August of 1.8% growth.
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