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World Trade Rebounding at a Faster Clip Than Expected, WTO Says

  • The pandemic poses greatest risk to global economic recovery
  • Warns of rising inflation, port delays, high shipping rates
Port Of Santos As Brazil Posts Weekly Trade Surplus
Photographer: Jonne Roriz/Bloomberg

The World Trade Organization raised its projection for global trade growth in 2021 and 2022 to 10.8% and 4.7%, respectively, citing the resurgence of economic activity in the first half of the year. 

This year’s increase in merchandise trade would mark the biggest year-over-year jump since 2010. In March, the WTO projected that trade would increase by 8% in 2021 and 4% in 2022.