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WEF 2022: Three ways to fix global trade and drive economic recovery

External pressures and shocks have exposed the fragility of international supply chains

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Photo: Bloomberg

5 min read Last Updated : May 20 2022 | 3:23 PM IST

If the modern world ever needed economic recovery, it is now. After more than two years of a devastating pandemic and the global economic shockwaves triggered by the return of war to Europe, the growth prospects of the world’s economy have become uncertain once again. The International Monetary Fund predicts that global growth will slow sharply from an estimated 6.1per cent in 2021 to 3.6per cent this year and next.

Global trade disruptions

It doesn’t help that many of the world’s supply chains continue to be disrupted. While a lot of repair work was underway, war, sanctions, and a new round of

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