International Monetary Fund (IMF) in its World Economic Outlook (WEO) October 2021 edition projected higher growth of global trade volume in goods and services of 9.7 per cent in 2021, moderating to 6.7 per cent in 2022, in line with the projected global recovery.
World Trade Organization (WTO) in its October 2021 release, also upgraded its forecast for global merchandise trade volume growth to 10.8 per cent in 2021, followed by a 4.7 per cent rise in 2022
The pandemic due to resurgence of new variants such as Omicron, surge in global inflation, longer port delays, higher ....
