The World Trade Organization says its global trade forecast could be revised downward yet again.
“It’s not looking very promising. All the indicators are pointing to downside numbers,” said Director-General Ngozi okonjo-Iweala.
The Director-General cites the war in Ukraine as a chief reason, followed by related food and energy crises. Right now, the WTO expects growth of 3 percent. In April, the projection was 5 percent.
The Director did not specify when the revision will be released or by how much.
