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Global trade is under threat: WTO predicts decline in trade turnover

April, 16 2025

The WTO predicts a 0.2% reduction in global trade in 2025 at the current tariff level, which is three percentage points lower than expected in the «low-tariff» scenario. If the situation worsens, the decline may reach 1.5%. Trade in services will also slow down, with growth of only 4%. WTO Director General Ngozi Okonjo-Iweala expressed concern about the uncertainty in trade policy, especially against the background of the conflict between the United States and China, despite the temporary 9... Read More

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