Reported about 7 hours ago
The World Trade Organization (WTO) reported that world merchandise trade volume grew by 3.6% in Q1 2025 compared to the previous quarter and 5.3% year-on-year, driven by increased imports in North America ahead of anticipated U.S. tariff hikes. Although this growth outperformed previous forecasts, the WTO warns that expansion may slow later in the year due to high inventories and tariffs, with revised projections now expecting flat growth of 0.1% for the year.
Source: YAHOO