Page 2 - Ralph Ossa News Today

ABU DHABI, 17th October, 2023 (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 Forum , which is being held in Abu Dhabi, Ossa added that the UAE has placed trade at the forefront of its economic vision, in recognition of its role as a driver of growth and prosperity.He...

The World Trade Organization (WTO) expects international trade to grow by 0.8% this year, down from the 1.7% estimated in April. In its updated forecasts released this week, the organization justifies the downgrade with an inflationary environment, rising interest rates in the United States and the European Union, as well as tension in the Chinese real estate market.

It cited persistent global inflation and tighter monetary policy in the backdrop of the Russia-Ukraine war as reasons

L'OMC réduit de plus de moitié sa prévision de croissance du commerce mondial en 2023.

World Trade Report states developing nations stand to lose the most if the geopolitical falling out between Russia and Ukraine is not resolved soon.

GENEVA: The de-globalisation of international trade is far from being a reality, but “the first signs of...

WTO report doesn’t cover de-dollarisation of economies, its impact on trade

The idea of de-globalization has gained traction since the war in Ukraine and pandemic-related lockdowns in China prompted significant disruption to global supply chains.

The de-globalisation of international trade is far from being a reality, but "the first signs of fragmentation" are appearing, the WTO warned Tuesday, concerned of the effects of the phenomenon on growth and development. In its annual report on international trade, economists with the World Trade Organization (WTO) argued in favour of "reglobalisation" as "the first signs of trade fragmentation threaten to slow growth and development". 

The de-globalisation of international trade is far from being a reality, but "the first signs of fragmentation" are appearing, the WTO warned Tuesday, concerned of the effects of the phenomenon on growth and development.