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Searched Tag: global trade

In a speech at the Stanford Institute for Economic Policy Research, Gita Gopinath, the First Deputy Managing Director at the International Monetary Fund (IMF), highlighted significant shifts in global economic ties.

Global trade fragmentation resembles cold war era with costlier consequences: IMF MD Gita Gopinath

May 9, 2024, 01:09 PM - 2 min read

"The COVID-19 pandemic, coupled with Russia's invasion of Ukraine, has prompted nations to reassess their trading partners with a focus on both economic and national security considerations. This reevaluation has led to a redirection of foreign direct investment flows along geopolitical lines" , Gita said.

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The World Trade Organization (WTO) has forecasted a rebound in global trade for the year 2024, with an anticipated growth rate of 2.6%

Global trade to rebound in 2024 and 2.6% growth forecast: WTO

April 11, 2024, 09:39 PM - 2 min read

The report highlights a recovery in demand for tradable goods, with indices of new export orders indicating improved trade conditions at the beginning of the year. Looking ahead to 2025, the WTO forecasts a growth rate of 3.3%, with Asia projected to play a significant role in driving trade volume growth in both 2024 and 2025.

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