{"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":"

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

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

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

UNCTAD attributed this contraction in global trade in part to an underperformance of exports from developing countries.<\/p>\n

Read more in an article from Reuters<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

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"],"yoast_head":"\nGlobal Trade to Contract by 5% in 2023, UN Body Says - Axxess International<\/title>\n<meta name=\"description\" content=\"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\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/axxessintl.com\/en\/global-trade-to-contract-by-5-in-2023-un-body-says\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Global Trade to Contract by 5% in 2023, UN Body Says - 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