GENEVA, April 10 (Xinhua) -- The volume of global trade in merchandise should increase by 2.6 percent this year, the World Trade Organization (WTO) said in its annual trade statistics and outlook report published on Wednesday. According to the WTO, the volume of world trade in merchandise fe...
In comparison, the WTO estimated the fall in volume to be -5.3%, IMF estimated it to be -8.3% (for the volume of trade in goods and services), and WTO (June 2021 Outlook) at -8.3% for the volume of trade in goods and nonfactor services. The ongoing COVID-19 pandemics COVID-19 ...
OCTOBER2023 WTOlowerstradegrowthforecast amidglobalmanufacturingslowdown Acontinuedslumpingoodstradethatbeganinthefourthquarterof2022hasled WTOeconomiststoscalebacktheirtradeprojectionsforthecurrentyearwhilemaintainingamore positiveoutlookfor2024.Thevolumeofworldmerchandisetradeisnowexpectedtogrowby0.8% thisyear,downfrom...
Fitch Ratings’ 2024 global credit outlook is driven by four key inter-related themes. First, a continued feedthrough of *sustained higher interest rates* on demand, liquidity, funding and asset quality. Second, a sharp *slowdown of the US economy*, driven by a loosening labour market, and ...
Markets could respond negatively to an outlook of rising tariffs and trade frictions that might potentially boost inflation and weigh on exports. Yet before we brace our portfolios for the potential for tariffs to slow manufacturing, export growth and lead to higher inflation, it is significant ...
Global Market Outlook A macro summer We see room for equity market gains to extend as cooling inflation brings bond yields lower and sustains central bank rate cut expectations for the rest of the year. We remain Overweight equities in Foundation allocations. Within this, we maintain our ...
Global trade in goods and services is expected to grow 3.2 percent in 2024, up from 2.4 percent predicted in January. The report cautions that the outlook is only cautiously optimistic. Higher-for-longer interest rates, debt sustainability challenges, continuing geopolitical tensions and ever-worsenin...
Crude oil prices are likely to trade at around USD 75/bbl towards the end of 2024, albeit with some volatility, given the potential for oil supply disruptions.Global oil demand growth is likely to slow on the back of a sluggish global economy in 2024, weighing on oil prices. Conversely, ...
Europe’s economy has hardly grown this year and mild technical recessions are currently unfolding in the eurozone and UK. The terms-of-trade shock has eased, but falling world trade is now hitting eurozone exports while credit tightening is weighing on investment, as bank lending to companies ...
Our outlook for 2024 is for a gradual U-shaped recovery composed of seemingly chaotic movements in economic data with turning points in policy rates and earnings growth.