GENEVA, Sept 12 — The de-globalisation of international trade is far from being a reality, but “the first signs of fragmentation” are appearing, the WTO warned today,...
GENEVA, Sept 12 — The de-globalisation of international trade is far from being a reality, but “the first signs of fragmentation” are appearing, the WTO warned today, concerned of the effects of the phenomenon on growth and development.
For several decades, the expansion of global trade has surpassed global economic growth, but the trend “kind of stopped around the global financial crisis of 2008-2009, and since then, it’s been kind of stagnating”, WTO chief economist Ralph Ossa told AFP. The WTO calculated trade between two geopolitical blocs that were split according to how they vote at the UN General Assembly.
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