{"id":8295,"date":"2023-12-19T18:13:02","date_gmt":"2023-12-19T18:13:02","guid":{"rendered":"https:\/\/axxessintl.com\/global-trade-to-contract-by-5-in-2023-un-body-says\/"},"modified":"2023-12-19T18:13:36","modified_gmt":"2023-12-19T18:13:36","slug":"global-trade-to-contract-by-5-in-2023-un-body-says","status":"publish","type":"post","link":"https:\/\/axxessintl.com\/en\/global-trade-to-contract-by-5-in-2023-un-body-says\/","title":{"rendered":"Global Trade to Contract by 5% in 2023, UN Body Says"},"content":{"rendered":"<p>Global trade is set to contract by 5% in 2023 compared with last year, the United Nations trade body said on Monday, with an overall pessimistic forecast for 2024.<!--more--><\/p>\n<p>In its Global Trade Update, the United Nations Conference on Trade and Development (UNCTAD) projected that commerce this year would amount to approximately $30.7 trillion.<\/p>\n<p>Trade in goods is expected to contract by nearly $2 trillion in 2023, or 8%, but services trade should increase by about $500 billion, or 7%, according to the U.N. body.<\/p>\n<p>UNCTAD attributed this contraction in global trade in part to an underperformance of exports from developing countries.<\/p>\n<p>Read more in an <a href=\"https:\/\/ciffa.apms5.com\/anywhere\/m?s=ciffa&amp;m=s_95f0862f-9b58-4737-9e5e-c3d30e2e972d&amp;u=e1jq4wvfdtfm8dhg6n1k4hj45n2mad255mu36ha25n13ada35mt3jc1m6rtm8cj370uk8&amp;r2=d1u78w3k78qjyxvqewq74tbnehjq4wtecdqpubv2entpjvk5edtjytvcdxh62v1deht62t355nhpyvkme9gp6x1dc9wjud9d68r34ctdenq2urkfchwjuwv1f5tjuchg68tjuc9j5mrk2btzenu6uqv3c5pq0rb9cxq3uta2enp6rtbmd5q5ychk64t32ch6enu6uqvdcnj6jxbd7njpurb9dgk7ax3dbxtpyxbjcdjkurbnehqq0ubcdxu0&amp;n=5\">article from Reuters<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Global trade is set to contract by 5% in 2023 compared with last year, the United Nations trade body said on Monday, with an overall pessimistic forecast for 2024.<\/p>\n","protected":false},"author":15,"featured_media":4172,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[56],"tags":[785],"types-de-nouvelles":[],"class_list":["post-8295","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-freight-news","tag-unctad"],"_links":{"self":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/8295","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/comments?post=8295"}],"version-history":[{"count":1,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/8295\/revisions"}],"predecessor-version":[{"id":8296,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/posts\/8295\/revisions\/8296"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/media\/4172"}],"wp:attachment":[{"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/media?parent=8295"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/categories?post=8295"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/tags?post=8295"},{"taxonomy":"types-de-nouvelles","embeddable":true,"href":"https:\/\/axxessintl.com\/en\/wp-json\/wp\/v2\/types-de-nouvelles?post=8295"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}