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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.