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Global trade outlook and statistics : update : October 2023

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      <subfield code="a">A continued slump in goods trade that began in the fourth quarter of 2022 has led WTO economists to scale back their trade projections for the current year while maintaining a more positive outlook for 2024. The volume of world merchandise trade is now expected to grow by 0.8% this year, down from the 1.7% forecast in April, while the 3.3% growth projected for 2024 remains nearly unchanged from the previous estimate</subfield>
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