March 23 , 2026
16 hrs 0 min
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- The World Trade Organization (WTO) released the Global Trade Outlook report, highlighting a slowdown in world trade.
- It projected global merchandise trade growth to fall to 1.9% in 2026 from 4.6% in 2025.
- The ongoing conflict in West Asia and rising energy prices are identified as major reasons.
- Disruptions in the Strait of Hormuz have increased oil prices and affected global supply chains.
- High energy costs are expected to impact sectors like transport, agriculture and manufacturing.
- India may face risks due to dependence on oil and fertiliser imports from the Gulf region.
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