- Wednesday, May 01, 2024
By: Radhakrishna N S
Global trade expansion is likely to move down further in the third quarter of this year, according to the World Trade Organisation’s (WTO) latest World Trade Outlook Indicator (WTOI) released on Thursday (9). The most recent WTOI reading of 100.3 is below the previous value of 101.8 recorded in May 2018 and 102.3 recorded in February, this year. The new figure, 100.3 is just above the baseline value of 100 for the index, signalling an easing of trade growth in the coming months in line with medium-term trends. “This loss of momentum reflects weakness in component indices including export orders…
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