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Reuters

Business

By Brenda Goh

DAVOS 2023: WTO sticks with 1% projection for growth in global trade

WTO World Trade Organization Ngozi OkonjoIweala

FILE PHOTO-World Trade Organization (WTO) Director-General Ngozi Okonjo-Iweala attends a news conference following a meeting at the Federal Chancellery in Berlin, Germany November 29, 2022. REUTERS/Michele Tantussi

The head of the World Trade Organization (WTO) said on Friday it was sticking with its 1% projection for global trade growth in 2023 - for now.

Director general Ngozi Okonjo-Iweala said the WTO was not revising down its projection. The next assessment will be in April, she said.

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