The World Trade Organization has raised its outlook for global goods trade this year slightly, but cautions that increasing geopolitical tensions and uncertainty over economic policy pose “substantial” risks to its forecast. The Geneva-based WTO projected Thursday that global goods trade will increase by 2.7% this year, compared with the 2.
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The global trade body cautioned that “rising geopolitical tensions and increased economic policy uncertainty continue to pose substantial downside risks to the forecast.”
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