"Ukraine's war’s impact on trade not as bad as expected": WTO

The World Trade Organization (WTO) stated that Global trade grew more than expected last year despite the upheaval caused by the Russia-Ukraine war. The global trade watchdog had forecast just three percent growth for 2022 as the conflict caused major disruptions to exports including wheat and fuels. However, WTO Chief Economist Ralph Ossa, presenting its latest analysis of the war’s impact on trade, said global trade had “held up well”.