Despite reaching a record $32-trillion in 2022, global trade growth turned negative in the second half of 2022 amid deteriorating economic conditions and rising uncertainties, reports the United Nations Conference on Trade and Development (Unctad).
For the first half of this year, global trade is set to stagnate, but could later benefit from a strong performance of trade in environment-friendly products, whose growth held strong throughout 2022, Unctad’s ‘Global Trade Update’ of March 23 shows.
