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G20 trade policy turning restrictive, says WTO

This comes as India’s goods exports have been under pressure for the better part of the year due to weak demand from the western countries. Demand slowdown in China, battling a major property sector crisis, has also contributed to the slowdown. ....

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Global goods trade recovering driven by EV sales: WTO

India’s goods exports in October also registered an uptick with a 6.2 per cent rise, only the second jump in the ongoing financial year. ....

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WTO halves 2023 goods trade growth forecast to 0.8%

The World Trade Organization (WTO) has revised its global goods trade forecast for 2023, cutting it to 0.8% from the previous estimate of 1.7%. The slowdown in trade is attributed to factors such as inflation, high interest rates, US dollar appreciation, and geopolitical tensions. However, the WTO expects a 3.3% growth in trade for 2024. ....

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