WTO lowers 2023 trade growth forecast to 0.8 pct

GENEVA, Oct. 5 (Xinhua) -- The volume of world merchandise trade is now expected to grow by 0.8 percent this year, less than half the 1.7 percent increase forecast in April, the World Trade Organization (WTO) said.

According to the latest WTO trade forecast released on Thursday, projections for growth in global merchandise trade in 2023 have been scaled back by WTO economists amid a continued slump that began in