WTO Sees Sharp Slowdown in Global Trade, Pointing to Possible Recession, Lower Inflation

World goods trade is expected to slow sharply next year, which could reduce high inflation but increase the risk of a global recession, a new forecast shows.

The World Trade Organization said on Wednesday the World Trade Organization said rising energy costs and rising interest rates are weakening household demand globally, a driver that could push exports to imports and exports will increase by just 1% in 2023. This is down from the previous forecast of 3.4%.

https://www.wsj.com/articles/sharp-slowdown-in-global-trade-points-to-possible-recession-lower-inflation-11664964002 WTO Sees Sharp Slowdown in Global Trade, Pointing to Possible Recession, Lower Inflation

Edmund DeMarche

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