As per WTO, what is the estimated global trade growth in the 2022-23 fiscal year? [A] 2.5%[B] 3%[C] 4%[D] 5.5%
Option B) 3% : The World Trade Organization (WTO) revised down its forecast for global trade growth in 2022-23 to 3% from 4.7%. The slash is because of the impact of the Russia-Ukraine war. WTO also warned of a potential food crisis caused by surging prices. It also forecasted that the global trade growth in 2023 would rise up to 3.4%.
