WTO revises global trade forecast higher, as stimulus keeps demand intact and China dominates exports

Mar 31, 2021 | INVESTING

Global merchandise trade is expected to rise by 8 per cent this year, making up for a decline last year caused by the coronavirus pandemic as stimulus in the US and other countries has kept demand intact, the World Trade Organization (WTO) announced on Wednesday. The WTO’s growth forecast, in which China accounts for the lion’s share of global exports, was increased from a previous estimate of 7.2 per cent, while it pegged the full-year 2020 decline at 5.3 per cent, which was less severe than…

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