WTO Raises Forecast for 2024 Growth in Global Goods Trade to 2.7% From 2.6%

World trade is set to rebound this year at a slightly faster pace than previously forecast as central banks lower their key interest rates, the World Trade Organization said Thursday.

However, the flow of goods across national borders over coming years could be hindered by a disruption to oil supplies, or tariff increases and further efforts by governments to steer trade away from nations that they perceive to be hostile or untrustworthy.

"We are expecting a gradual recovery in global trade for...

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