The World Trade Organization (WTO) posted the latest version of its Global Trade Outlook and Statistics report on Thursday, upgrading the 2026 merchandise trade volume growth expectations to 3.9% from March's estimate of 1.9%, despite the events taking place in the Middle East. The figure is anticipated to come in at 4.1% in 2027.
"The revision reflects evidence that global supply chains adapted to disruptions in energy and fertilizer markets, while strong investment in AI-related infrastructure boosted trade in AI-enabling goods," the organization explained.
Meanwhile, the 2026 services trade volume growth projections were lowered from March's 4.8% to 3.3%. The growth is expected to stand at 6.4% in 2027. WTO also predicted that the world's gross domestic product (GDP) in 2026 will rise by 2.6%.
https://breakingthenews.net/Article/WTO-revises-2026-global-goods-trade-estimate-up-to-3.9/67259830
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