| Trade growth likely to pick up in 2024 in spite of challenging environment
April 12, 2024--The latest edition of the WTO's "Global Trade Outlook and Statistics" foresees a gradual recovery in world merchandise trade volume in 2024 and 2025. This follows a contraction in 2023 driven by the lingering effects of high energy prices and inflation in advanced economies, particularly Europe. So, what does our forecast indicate? |
| Specifically, we expect merchandise trade to grow by 2,6% in 2024 and 3,3% in 2025 after falling by 1,2% in 2023, However, there is a downside risk due to regional conflicts, geopolitical tensions and economic policy uncertainty, In value terms, merchandise trade fell 5% in 2023 to US$ 24,01 trillion but the decline was mostly offset by a 9% increase in commercial services trade, which reached around US$ 7,54 trillion, Total goods and services trade was only down 2%, A particularly bright spot for services was the global exports of digitally delivered services, which reached US$ 4,25 trillion in 2023, up 9% year-on-year, accounting for 13,8% of world exports of goods and services, |
| New WFE Research quantifies the impact of stock exchanges on economic growth January 6, 2025--The World Federation of Exchanges, the global industry association for exchanges and CCPs (The WFE), has published new research which analyses the link between stock market development and economic growth on a global scale.
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| 5 transformational trends shaping global finance January 6, 2025--The global economy has undergone seismic changes since the pandemic.
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