Economics
Global Trade Rebound Stalls as War, Covid Hit Supply Chains
- Russia’s war triggered sharp price rises for food and energy
- China’s virus lockdowns have disrupted trade and production
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Russia’s war with Ukraine and China’s Covid-19 lockdowns have “short-circuited” global trade’s nascent rebound, the World Trade Organization said.
The WTO’s goods trade barometer -- the first to be released since Russia’s invasion began in late February -- showed how the conflict “triggered sharp rises in food and energy prices” that have further disrupted the flow of international commerce.