Ukraine crisis may cut global trade growth 50%

陈小将

A man shops at a supermarket in London, Britain, April 8, 2022. [Photo/Xinhua]
GENEVA - The ongoing conflict between Russia and Ukraine has dealt a severe blow to the global economy, reducing forecasted global trade growth for 2022 from the 4.7 percent predicted last October to between 2.4 percent and 3 percent.
The projection, based on a global economic simulation model, was made by the World Trade Organization (WTO) Secretariat in a note issued on Monday.