Get our news on your inbox! x

Remember me Forgot password

MercoPress, en Español

Montevideo, November 22nd 2024 - 09:27 UTC

Tag: global trade growth

  • Saturday, October 7th 2023 - 07:27 UTC

    WTO cuts 2023 global trade growth by half to 0,8%; forecasts a great 3,3% leap in 2024

    The trade slowdown appears broad-based, involving many countries and a wide range of products,” says the WTO in its report.

    The World Trade Organization (WTO) expects international trade to grow by 0.8% this year, down from the 1.7% estimated in April. In its updated forecasts released this week, the organization justifies the downgrade with an inflationary environment, rising interest rates in the United States and the European Union, as well as tension in the Chinese real estate market.

  • Wednesday, October 9th 2019 - 09:55 UTC

    New IMF chief claims the world economy is in a “synchronized slowdown”

    Ms Georgieva in her first speech as head of IMF said slower growth is expected in nearly 90% of the world. The global economy is now in a synchronized slowdown,”

    Grinding trade disputes are undermining the global economy, which is set to see its slowest growth in nearly a decade, the new IMF chief said on Tuesday. Research shows the impact of the trade conflict is widespread and countries must be ready to respond in unison with cash infusions, Kristalina Georgieva said in her first speech as managing director of the International Monetary Fund.