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Sharp Slowdown in Global Trade Points to Possible Recession, Lower Inflation
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wsj.comWorld trade in goods is set to slow more sharply than previously expected next year, possibly easing inflationary pressures but raising the risk of a global recession, a new forecast shows.
With the surge in energy costs and rising interest rates weakening household demand, exports and imports should increase by just 1% in 2023, down from a previous forecast of 3.4%, the World Trade Organization said Wednesday.
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