WTO warns of global recession ...News

The economic shocks will have sweeping consequences, the trade organization’s chief says, calling for radical policies The world is sliding into a recession due to multiple overlapping crises, the head of the World Trade Organization said on Tuesday. Speaking at the opening of the WTO’s annual public forum in Geneva, Ngozi Okonjo-Iweala noted that the World Bank and the International Monetary Fund have both downgraded their global growth forecasts, and that trade indicators are “not looking too good.”  Colliding crises such as surging food prices, the soaring cost of living, and the energy crunch, first triggered

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