Global trade is projected to more than double in growth this year, with significant contributions from expansions in China and the US. According to reports from the OECD, IMF, and WTO, the growth rate is expected to increase sharply in 2024 and 2025. Despite concerns about trade conflicts and protectionism, the cyclical recovery of global trade appears robust. The OECD specifically forecasts a rise in global trade of goods and services by 2.3% in 2024 and 3.3% in 2025. However, potential political changes, such as the possible return of Donald Trump to the White House, pose risks to this optimistic outlook.
Global trade is set to more than double this year as the world's economy starts to grow again. But looming threats on the horizon, including Donald Trump potentially returning to the White House, could threaten the recovery https://t.co/I1dlIvDqz6
Death of Globalization(TM) Update: "Global trade growth set to more than double this year" https://t.co/gXpz0v50R6 "According to the OECD, global trade in goods and services is expected to rise 2.3 per cent this year and 3.3 per cent in 2025." https://t.co/PPDbBzWKEB
What will global trade look like in 2030 🌍? @BCG's Nikolaus Lang advises leaders will need to completely rethink trade in a multipolar future, navigating different geopolitical, social, and environmental considerations. Stream #ImagineThis now: https://t.co/Ze2a0INA69 https://t.co/dGjKAVYd4W
🌎 Global #trade growth set to more than double this year – FT https://t.co/YDkLau0d1F https://t.co/ujv1zYEedj
1/2 For all the rising talk of trade conflict and protection, growth in global trade is expected to pick up sharply in 2024 and 2025, according to OECD, IMF and WTO reports. "Expansions in China and the US helped annual goods trade growth rise... https://t.co/5DWEkkZmV6 via @ft
GLOBAL TRADE set for cyclical recovery in 2024/25: https://t.co/s08P9nF4RM
Global trade growth set to more than double this year https://t.co/TI1TTW5WN6