Ukraine war's impact on trade not as bad as expected, says WTO

Badly-affected countries managed to switch suppliers or products. Read more at straitstimes.com.

GENEVA - Global trade grew more than expected last year despite the upheaval caused by the Russia-Ukraine war, as badly-affected countries managed to switch suppliers or products, the World Trade Organisation said on Thursday.

However, WTO chief economist Ralph Ossa, presenting its latest analysis of the war’s impact on trade, said global trade had “held up well”.The WTO did not give the figure for last year, saying the data would be available in April.

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