WTO foresees fragile global economy amid Russia-Ukraine conflict

陈小将

A logo is pictured outside the World Trade Organisation (WTO) in Geneva, Switzerland, September 28, 2021. [Photo/Agencies]
GENEVA - The outlook for the global economy has darkened since the outbreak of the Russia-Ukraine conflict, the World Trade Organization (WTO) said in its annual trade statistics and outlook report published on Tuesday.
Global gross domestic product (GDP) at market exchange rates is projected by the WTO to grow by 2.8 percent in 2022, down 1.3 percentage points from the previous forecast of 4.1 percent. Growth is expected to pick up to 3.2 percent in 2023, close to the average rate of 3.0 percent between 2010 and 2019.