U.N. body says global trade growth outlook for 2022 very uncertain

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FILE PHOTO: Heads of State address the 76th Session of the U.N. General Assembly in New York City

GENEVA – Global trade growth has stabilised during the second half of this year but the outlook for 2022 is very uncertain, the U.N. Conference on Trade and Development (UNCTAD) said on Tuesday.

“The positive trend for international trade in 2021 is largely the result of the strong recovery in demand due to subsiding pandemic restrictions, economic stimulus packages, and increases in commodity prices,” UNCTAD said in a trade update.

“However, the forecast for 2022 remains very uncertain”.

(Reporting by Paul Carrel; Editing by Zuzanna Szymanska)