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.
Related Stories
The Louisiana Farm Bureau has made 2024 a year for change and advocacy. The state’s Young Farmers & Ranchers Club recently met with congressional delegates on the issues affecting their employees and operations.
The Iowa Soybean Association shows us how one company, Benson Hill, is helping farmers grow soybeans with a specific purpose.
