Global trade growth to slow in the last months of 2022 and into 2023: WTO

The triggers: Ukraine war, high energy prices, monetary tightening by major economies

Global trade growth is likely to slow down in the closing months of 2022 and into 2023, according to the World Trade Organisation (WTO) Goods Trade Barometer. The reasons would be shocks related to the Russia-Ukraine conflict, high energy prices, inflation, and monetary tightening in major economies, it said.

The Goods Trade Barometer provides real-time information on the trajectory of world trade relative to recent trends. Its latest estimates showed a reading of 96.2, below both the baseline value for the index and the previous reading of 100, reflecting a cooling of demand for traded goods.

A reading of 100