WTO lowers global trade outlook amid Middle East tensions
pre-market1 source ↓written by the desknot a recommendation
- growth forecast
- 1.4%
- 1.9%
- forecast
- 2.5%
- 2.8%
The World Trade Organization has revised its global trade growth forecast to 1.4% from 1.9%, citing the impact of the Middle East conflict on energy risks. The global GDP forecast is now 2.5%, down from 2.8%. Higher oil and LNG prices are expected to weigh on demand and trade flows, particularly in energy-importing regions.
Not investment advice. For informational purposes only.