Main content
WTO cuts world trade forecast by over 50%
The World Trade Organization has cut its forecast for global trade growth in response to rising interest rates that have dented consumer spending power in the US, Europe and Asia.
The World Trade organisation has halved its estimate for global exports growth this year - from 1.7% to just 0.8%. Ngozi Okonjo-Iweala, WTO director-general, said the projected slowdown was “cause for concern, because of the adverse implications for the living standards of people around the world”.
(Picture: Glass globe representing international business and trade. Picture credit: Getty Images)
Last on
Fri 6 Oct 202300:06GMT
BBC World Service & BBC Afghan Radio
Featured
Timings (where shown) are from the start of the programme in hours and minutes
.
Broadcast
- Fri 6 Oct 202300:06GMTBBC World Service & BBC Afghan Radio
Podcast
![]()
Big Boss Interview
In-depth interviews with the world's most high profile CEOs and entrepreneurs.
Related Content
