Crisis in Ukraine could slash global trade growth by half in 2022: WTO

GENEVA, April 12: The ongoing conflict between Russia and Ukraine has dealt a severe blow to the global economy, reducing forecasted global trade growth for 2022 from the 4.7 percent predicted last October to between 2.4 percent and 3 percent.

The projection, based on a global economic simulation model, was made by the World Trade Organization (WTO) Secretariat in a note issued on Monday.