2022
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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4%
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4.7%
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3%
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3.5%
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Detailed explanation-1: -WTO economists now predict global merchandise trade volumes will grow by 3.5% in 2022-slightly better than the 3.0% forecast in April. For 2023, however, they foresee a 1.0% increase-down sharply from the previous estimate of 3.4%.
Detailed explanation-2: -Global trade is set to reach almost US$32 trillion for 2022, but its growth has turned negative during the second half of 2022. Demand for foreign goods proved resilient throughout 2022, with trade volumes increasing by 3 per cent.
Detailed explanation-3: -MAIN POINTS. World merchandise trade volume is expected to grow 3.5% in 2022 before slowing to 1.0% in 2023 (revised down from 3.4%). World GDP at market exchange rates will increase by 2.8% in 2022 and by 2.3% in 2023 (revised down from 3.2%).
Detailed explanation-4: -As of 2021, world trade volume and value have expanded 4% and 6% respectively on average since 1995, when the WTO was first established.