According to the report published this week, the institution estimates that, if current conditions continue, they will decline by 2025% year-on-year in 0,2, a three-percentage-point reduction compared to previous forecasts.
At the regional level, the behavior will be very uneven. In North America expects a 12,6% drop in exports and a 9,6% drop in imports. Regarding Asia and Europe, the WTO estimates that trade activity will register a modest increase of around 1-2%. Uncertainty and slowdown of the world economy It will also hamper the exchange of services.
Specifically, the growth rate is expected to slow by three percentage points, to 4%. However, these estimates could be interpreted as the most optimistic scenario. The institution warns that, if United States If trade policy is tightened (e.g., by reinstating reciprocal tariffs), trade in goods could contract by more than 1,5%.
Source: CESCE
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