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”.

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

US tells Qatar ‘all possible efforts must be brought to bear on Hamas’

US National Security Adviser Jake Sullivan on Tuesday met Qatar Prime Minister…

Pakistan faces influx of asylum seekers from Afghanistan

According to the UN refugee agency, Pakistan is facing new inflows of…

US Defence Secretary arrives in Jordan

US Defence Secretary Lloyd Austin arrived in Jordan, kicking off a Middle…