WTO raises 2024 goods trade forecast; but wary of risks due to geopolitical tensions

GENEVA, 10th October, 2024 (WAM) -- The World Trade Organisation (WTO) has expected world merchandise trade volume to grow 2.6% in 2024 and 3.3% in 2025, following a larger-than-expected decline of -1.2% in 2023.

In a report released today, the WTO said that in 2024 and 2025, inflation is expected to gradually abate, allowing real incomes to grow again in advanced economies, boosting consumption of manufactured