India’s merchandise exports could face major headwinds next year with the World Trade Organization (WTO) slashing its forecast for global trade volume growth to 1 per cent from 3.4 per cent estimated earlier. Meanwhile, global foreign-currency reserves are falling at the fastest pace on record as central banks from India to the Czech Republic intervene to support their currencies. Read more on these in our top headlines.
WTO slashes global 2023 trade growth forecast to 1% as recession looms
India’s merchandise exports could face major headwinds next year with the World Trade Organization (WTO) slashing its forecast for global trade