Ukraine war can halve trade growth

By Agence France-Presse

Apr 13, 2022 12:20 am

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.

GUARDING OVER GOODS This July 16, 2020 file photo shows part of the exterior of the World Trade Organization headquarters in Geneva, Switzerland. XINHUA PHOTO

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