WTO Forecast: Global Merchandise Trade to Slow to 1.9%
Why in the news
The World Trade Organization cut the pace of its outlook for world goods trade in 2026, pointing to political tensions and tariffs.
| Measure (2026 forecast) | Growth |
|---|---|
| Merchandise trade | 1.9% |
| Services trade | 4.8% |
| Global GDP | About 2.8% |
Key facts
- Forecaster: World Trade Organization (WTO).
- Goods trade growth: 1.9% in 2026, slower than before.
- Services trade: 4.8%; global GDP: steady near 2.8%.
Reasons for slowdown
- Geopolitical tensions.
- Impact of tariffs.
- Normalisation of demand.
Exam angle
- Goods versus services growth: 1.9% against 4.8%.
- Organisation: WTO.
- Year of projection: 2026.