The growth in global trade was fueled by positive trade dynamics for the United States and developing countries, and in sectors related to green energy and artificial intelligence. The outlook for 2024 remains positive, but geopolitical issues and industrial policies will continue reshaping global trade patterns. The report expects the increase to add approximately $250 billion to trade in goods, and $100 billion to services trade, in the first half of 2024 compared to the second half of 2023. The short-term trade outlook is cautiously optimistic as the global forecasts for GDP growth remain at around 3% for 2024. The […]
