WTO Switzerland Photo 119244993 © Hector Christiaen Dreamstime.com
© Hector Christiaen Dreamstime.com

The prospects for the global economy have darkened since the outbreak of war in Ukraine, according to the World Trade Organization (WTO).

It says the logistics sector could be operating in less favourable market conditions this year than initially anticipated.

In its latest analysis on the outlook for world trade over the next two years, published this week, the Geneva-based international agency is now expecting merchandise trade volume growth of 3% in 2022, down from its previous forecast of 4.7%, and 3.4% ...

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