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WTO says its trade growth estimates appear 'overly optimistic'

The World Trade Organization will likely cut its estimates for goods trade growth for 2023 and 2024 due to a less buoyant global economy and the potential impact of disruptions to shipping through the Suez Canal, its chief economist said. The WTO had estimated in October that merchandise trade growth would be 0.8% for 2023 and 3.3% for 2024. Chief WTO Economist Ralph Ossa told Reuters on Monday that both annual growth estimates now appear "overly optimistic".
Red Sea Djibouti General Bruxelles Capitale Philip Blenkinsop Mark Heinrich World Trade Organization
Source: yahoo.com

UAE a strong supporter of multilateral trade system: WTO Chief Economist to WAM

Ralph Ossa, the chief economist at the World Trade Organisation (WTO), said that the UAE is a strong supporter of the multilateral trading system.In remarks to the Emirates News Agency (WAM) on the sidelines of the eighth edition of the World Investment F
Abu Dhabi Gulf Cooperation Council World Investment Forum World Trade Organisation International Monetary Fund Emirates News Agency

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