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WTO downgrades forecast for global GDP growth this year
Business
- 12 April, 2022
- 11:48
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The World Trade Organization (WTO) has downgraded its forecast for global GDP growth in 2022, Report informs referring to the WTO report.
Global GDP at market exchange rates is expected to grow by 2.8% in 2022, 1.3 percentage points below the previous forecast of 4.1%, the report says.
Growth is also reported to accelerate to 3.2% in 2023, close to the 3% average index between 2010 and 2019.
According to the report, the estimates reflect the direct impact of Russia’s military actions in Ukraine.
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