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Question

According to the WTO, what is the anticipated growth rate for global trade in 2023?
  • 1.7%
  • 2.7%
  • 3.7%
  • 4.7%
Answer- A
Despite ongoing concerns over the war in Ukraine, high inflation, and financial uncertainty, the World Trade Organization (WTO) has raised its projection for global trade growth in 2023 from 1% to 1.7%.

This updated outlook indicates that the global economy is expected to recover faster than previously anticipated. However, the risks associated with these persistent issues remain, and could still impact the growth trajectory of the global trade landscape.