Latest Forecast For Global Trade Not Optimistic
Supply Chain Matters
DECEMBER 11, 2023
Today, the United Nations Conference on Trade and Development (UNCTAD) issued its latest forecast update on overall global trade, and the narrative is not encouraging or optimistic. Global trade is reportedly set to contract by 5 percent in 2023 compared to 2002, amounting to upwards of $30.7 This level represents a contraction of $1.5
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