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    Question

    The World Trade Organisation (WTO) notified that the

    global merchandise trade volume is expected to grow ________ in 2023 as compared to an earlier estimate of 1 per cent in October,2022.
    A 1.2 percent Correct Answer Incorrect Answer
    B 1.5 percent Correct Answer Incorrect Answer
    C 1.7 percent Correct Answer Incorrect Answer
    D 1.9 percent Correct Answer Incorrect Answer
    E None of these Correct Answer Incorrect Answer

    Solution

       The World Trade Organisation (WTO) notified that the global merchandise trade volume is expected to grow 1.7 per cent in 2023 as compared to an earlier estimate of 1 per cent in October, but lower than 2.7 per cent growth in 2022.      The global trade body cautioned that the expected to be ‘subpar’, due to multiple factors, including the ongoing Russia-Ukraine conflict, stubbornly high inflation, tighter monetary policy and financial uncertainty.

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