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Source: People's Republic of China in Russian – People's Republic of China in Russian –
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Source: People's Republic of China – State Council News
Geneva, Oct. 7 (Xinhua) — The World Trade Organization (WTO) on Tuesday raised its forecast for global merchandise trade growth in 2025 to 2.4 percent, significantly higher than the 0.9 percent forecast made in August. At the same time, the forecast for 2026 was lowered to 0.5 percent from 1.8 percent.
According to the latest WTO World Trade Prospects and Statistics report, global GDP is expected to grow by 2.7 percent in 2025 and by 2.6 percent in 2026.
The report also found that global merchandise trade, measured as the average of exports and imports, grew by 4.9 percent year-on-year in the first half of this year.
The WTO attributed these strong performances to several factors, including the buildup of import inventories in North American countries ahead of expected increases in US tariffs, slowing inflation and supportive fiscal policies, robust growth in emerging markets, and a sharp increase in trade in artificial intelligence-related goods.
Furthermore, as the report shows, trade between developing countries demonstrated significant growth. In the first half of 2025, South-South trade grew by 8 percent year-on-year in value terms, outpacing the 6 percent growth of the global average. –0–
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