Global Trade Growth Stalls, World Bank Warns

Global Trade Growth to Improve but Still Below Pre-Pandemic Levels

Trade growth is set to improve this year; however, it will only reach half the average rate seen in the decade before the pandemic. By the end of 2024, global trade is projected to experience the slowest half-decade of growth since the 1990s. This is concerning, considering the significant role global trade played in lifting one billion people out of extreme poverty after 1990.