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Global trade could more than double in 2024. Here’s why
Global trade could more than double this year, according to the three major international economic organizations. Despite lower inflation, interest rates, and increased economic activity, persistent risks and divergences between economies still threaten international trade, they say. The World Economic Forum’s Global Future Council on the Future of Trade and Investment supports the reshaping of global trade to create sustainable, resilient and equitable trade growth. Global trade is set to increase by more than two-fold this year, driven by low inflation and a booming US economy. That’s according to the three ... (full story)