Economic Indicators
Global trade slowdown to intensify in 2023-UN
2022.12.13 07:31
Global trade slowdown to intensify in 2023-UN
Budrigannews.com – The continuous stoppage in worldwide exchange is supposed to deteriorate in 2023, the U.N. Meeting on Exchange and Improvement (UNCTAD) said on Tuesday.
In a trade update, the UNCTAD stated, “While the outlook for global trade remains uncertain, negative factors appear to outweigh positive trends.”
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It stated that it anticipates a decrease in the value of global trade in the fourth quarter of this year for both goods and services, following a period in which services trade exhibited greater resilience in the second half of 2022.
