World merchandise trade expected to decline by 0.2% in 2025
22:05 UTC+8, 2025-04-16
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Global trade volume is projected to drop 0.2 percent in 2025, nearly 3 points below earlier low-tariff forecasts.
22:05 UTC+8, 2025-04-16
0
The volume of global merchandise trade is expected to decline by 0.2 percent in 2025 under current tariff conditions, nearly 3 percentage points lower than the previous forecast based on a "low tariff" scenario, the World Trade Organization (WTO) said in the latest Global Trade Outlook and Statistics report released on Wednesday.
The WTO further warned of severe downside risks posed by the reinstatement of the US "reciprocal tariffs" and spillover of trade policy uncertainty, which could lead to an even sharper decline of 1.5 percent in global goods trade in 2025.
Source: Xinhua
Editor: Zhu Qing
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