Gusts for global trade amid tariff surge, policy uncertainty: WTO blog

After a strong 2024 performance, global trade is now facing headwinds from a tariff surge and rising trade policy uncertainty, a WTO blog said.
The world merchandise trade volume may fall by 0.2 per cent this year, with a modest 2.5-per cent recovery likely in 2026.
World GDP is now expected to grow by 2.2 per cent in 2025—0.6 pps below the baseline prediction—before reaching 2.4 per cent in 2026.Read More