All articles tagged with #trade growth
Japan's exports in November increased by 6.1% year-on-year, the fastest in nine months, surpassing expectations and driven by strong shipments to Western Europe and the US, despite ongoing trade tensions with China and a recent GDP contraction.
The WTO has downgraded its 2026 global trade growth forecast to 0.5%, citing delayed impacts from US tariffs, despite a 2025 increase driven by pre-tariff import surges and AI trade. The outlook remains concerning, with trade growth slowing significantly and global GDP expected to slightly decline in 2026, though the system shows resilience.
The WTO has significantly raised its forecast for global goods trade growth in 2025 to 2.4%, driven by AI-related purchases, front-loaded US imports, and robust trade among developing nations, despite expected slowdown in 2026. The surge is largely attributed to increased demand for AI products like semiconductors and servers, with trade among emerging economies also contributing to the positive outlook.
The International Monetary Fund's Managing Director, Kristalina Georgieva, has stated that the Biden-backed rail-to-sea economic corridor linking India with Middle Eastern and European countries should not exclude any nations and should instead promote an integrated world economy. The initiative aims to counter China's influence in the Middle East and compete with its Belt and Road global infrastructure project. Georgieva emphasized the importance of creating corridors and opportunities for trade to be an engine of growth, encouraging countries to work collaboratively and inclusively. The deal between Biden and Indian Prime Minister Narendra Modi underscores their partnership and strategic proposition in facilitating the developmental needs of the Global South.