GENEVA: Russia's invasion of Ukraine could cut world trade growth almost in half this year and also drag global gross domestic product (GDP) expansion, the World Trade Organization (WTO) projected on Monday.

The ongoing war not only created a humanitarian crisis of "immense proportions," but also dealt a "severe blow" to the global economy, the WTO said.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details