Global trade in goods will grow by 2.6% this year and by 3.3% in 2025,

the World Trade Organization predicts. Last year, global merchandise turnover decreased by 1.2%. In terms of value, the export of goods fell by 5% to $24.01 trillion. Import volumes decreased in most regions, but especially in Europe. The main exceptions were large fuel-exporting countries, whose imports were supported by high export earnings.

WTO economists note that inflationary pressure is expected to ease in 2024. This stimulates the growth of real income, especially in countries with developed economies, which will give an impetus to the consumption of manufactured goods.

Global real GDP growth slowed to 2.7% in 2023 from 3.1% the previous year. In the next two years, the WTO expects stable growth indicators, 2.6% in 2024 and 2.7% in 2025.

However, geopolitical tensions and political uncertainty could hamper the recovery, causing food and energy prices to spike.