WTO Raises 2026 Trade Growth Forecast

The World Trade Organization has raised its outlook for global merchandise trade growth in 2026 to 3.9%, up from its previous estimate of 1.9%. This anticipated growth is attributed to expanding supply chains and strong investment in artificial intelligence. Conversely, the organization has lowered its forecast for services trade growth to 3.3% from 4.8%, citing the impact of the conflict in the Middle East. The WTO expects the growth rates for both merchandise and services trade to rise in 2027 to 4.1% and 6.4%, respectively, emphasizing that resolving the conflict is crucial to achieving these projections. Additionally, the organization forecasts global GDP growth of 2.6% in 2026 and 2.9% in 2027, amid ongoing challenges in the international trading system.

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