you are currently viewing::Report shows surge in G20 trade-restrictive measures amid increased unilateral policiesNovember 13, 2024--Trade restrictive measures introduced by G20 economies significantly increased in coverage over the past year, according to the 31st WTO Trade Monitoring Report on G20 trade measures issued on 13 November. Although G20 economies also continued to introduce wide-ranging trade facilitating measures, the report points to increasing evidence of inward-looking and unilateral trade policy decisions. Warning that these measures are creating uncertainty for the world economy, WTO Director-General Ngozi Okonjo-Iweala called on G20 governments to refrain from adopting new restrictions that could worsen the global economic outlook. Source: World Trade Organization (WTO) |
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Global current account balances widened by a sizable 0.6 percentage points of world GDP in 2024.
July 16, 2025-Key Takeaways
The U.S. tops global oil production with nearly one-fifth of daily output.
Five countries produce over half of the world's oil every day.