On recovery path: WTO pegs trade growth at 8% in 2021, highest in a decade

Says growth will slow to 4% in 2022 as effects of the pandemic will be felt

The World Trade Organization raised its projection for growth in global merchandise trade this year to 8 per cent — the biggest increase since 2010 — while warning Covid-19 continues to pose the greatest threat to the outlook as new waves of infection could undermine any hoped-for recovery.
 
The rebound marks a significant bounce from 2020, when the pandemic saw global trade contract by 5.3 per cent, less than the 9.2 per cent decline estimated in October, the WTO said in a report released in Geneva. Global trade may climb 4 per cent in 2022, it said.
 
Accelerated