2024: WTO forecasts 2.6% global trade volume growth, rebounding from a 1.2% decline in 2023.

World Trade Organisation (WTO) forecasts global trade volume growth of 2.6% in 2024, rebounding from a contraction in 2023 (1.2% decline). Inflationary pressures are expected to ease in 2024, stimulating global demand and boosting consumption of manufactured goods. Although regional conflicts, geopolitical tensions, and economic policy uncertainty pose risks to the forecast, the WTO anticipates a gradual recovery in global trade in the coming years.