UNCTAD Sees Record Trade This Year

Posted 12/7/24

Global trade is on track to hit a record $33 trillion this year, but the risk of festering trade wars is casting a shadow of uncertainty over the 2025 outlook, according to UN Trade and Development’s Global Trade Update released last week.

The $1 trillion increase this year reflects 3.3 percent annual growth and highlights resilience in global trade despite persistent challenges, according to the report.

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