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Global Trade Outlook
and Statistics
Update: October 2023
About the WTO
The World Trade Organization is the international body dealing
with the global rules of trade between nations. Its main function
is to ensure that trade ?ows as smoothly, predictably and freely
as possible, with a level playing ?eld for all its members.
G LOBAL TRAD E OUTLOOK AND STATI STICS - U PDATE: OCTOBER 2023
WTO lowers trade growth forecast amid global
manufacturing slowdown
A continued slump in goods trade that began in the fourth quarter of 2022 has led WTO
economists to scale back their trade projections for the current year while maintaining a more
positive outlook for 2024. The volume of world merchandise trade is now expected to grow by
0.8% this year, down from the 1.7% forecast in April, while the 3.3% growth projected for 2024
remains nearly unchanged from the previous estimate.
Trade volume and GDP growth
World trade and output slowed abruptly in the fourth quarter of 2022 as the effects of tighter monetary policy
were felt in the United States, the European Union and elsewhere, but falling energy prices and the end of
Chinese pandemic restrictions raised。。。以下略