Friday, May 27, 2022
  • Hyderabad
  • Telangana
  • Andhra Pradesh
  • India
  • World
  • Entertainment
  • Science and Tech
  • Sport
  • Business
  • ...
    • NRI
    • View Point
    • cartoon
    • Columns
    • Reviews
    • Education Today
    • Property
    • Videos
    • Lifestyle
E-Paper
  • NRI
  • View Point
  • cartoon
  • Columns
  • Reviews
  • Education Today
  • Property
  • Videos
  • Lifestyle
Home | Business | World Trade To Grow By 8 In 2021 Wto

World trade to grow by 8% in 2021: WTO

By IANS
Published: Published Date - 01:38 PM, Thu - 1 April 21
The global trade body said prospects for a quick recovery in world trade have improved as merchandise trade expanded more rapidly than expected in the second half of last year.

Geneva: The World Trade Organization (WTO) said on Wednesday that global trade is primed for a strong but uneven recovery after the Covid-19 pandemic shock, forecasting an increase in the volume of world merchandise trade of 8 per cent this year.

The global trade body said prospects for a quick recovery in world trade have improved as merchandise trade expanded more rapidly than expected in the second half of last year.

“World merchandise trade volume is expected to increase by 8 per cent in 2021 after falling 5.3 per cent in 2020, a smaller decline than previously estimated,” the WTO said in a press release, Xinhua reported.

The WTO figures showed that China was the world’s top exporter last year, accounting for 14.7 per cent of world merchandise trade, and the second-largest importer behind the US with a share of 11.5 per cent.

“Trade growth should then slow to 4 per cent in 2022, and the effects of pandemic will continue to be felt as this pace of expansion would still leave trade below its pre-pandemic trend,” it noted.

  • Follow Us :
  • Tags
  • f world merchandise trade
  • global trade body
  • World Trade Organization

Related News

  • Editorial: A knee-jerk reaction

  • A Telangana-Thailand bond

  • Biden called upon to support India, South Africa at WTO on COVID-19 vaccines

  • Trump calls COVID-19 as ‘artificial horrible situation’

Latest News

  • Stint with Sunrisers Hyderabad big learning curve: Punnaiah

    4 hours ago
  • Siddipet SI killed in road crash on Hyderabad outskirts

    5 hours ago
  • The curious case of dwindling Rs 2,000 notes

    5 hours ago
  • Opinion: The right to be neutral

    5 hours ago
  • Editorial: Toxic neighbour

    5 hours ago
  • Hyderabad: Kia unveils its first electric car EV6

    5 hours ago
  • Pattana Pragathi: Telangana to set up ward-level panels

    5 hours ago
  • Hyderabad: Mahboobia, Aliya Govt Schools get facelift

    5 hours ago

company

  • Home
  • About Us
  • Contact Us

business

  • Subscribe

telangana today

  • Telangana
  • Hyderabad
  • Latest News
  • Entertainment
  • World
  • Andhra Pradesh
  • Science & Tech
  • Sport

follow us

© Copyrights 2022 TELANGANA PUBLICATIONS PVT. LTD. All rights reserved. Powered by Veegam