WTO nearly doubles trade volume forecast as AI surge counters Middle East disruptions

The World Trade Organization (WTO) has nearly doubled its forecast for merchandise trade volume growth this year amid a stronger than anticipated surge in artificial intelligence-related capital investment. The group raised the forecast to 3.9 per cent from an earlier prediction of 1.9 per cent, it said in its global trade outlook report published on Thursday. “It is somewhat surprising that [merchandise trade growth] is so resilient to all the shocks that have been going on,” said WTO chief...

WTO nearly doubles trade volume forecast as AI surge counters Middle East disruptions












The World Trade Organization (WTO) has nearly doubled its forecast for merchandise trade volume growth this year amid a stronger than anticipated surge in artificial intelligence-related capital investment. The group raised the forecast to 3.9 per cent from an earlier prediction of 1.9 per cent, it said in its global trade outlook report published on Thursday. “It is somewhat surprising that [merchandise trade growth] is so resilient to all the shocks that have been going on,” said WTO chief...

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