
Global Trade Poised for Historic $33 Trillion Surge in 2024, But Tariff Uncertainty Threatens Growth
Global trade is poised to achieve a historic $33 trilion in 2024, marking a signifcant milestone despite ongoing economic and geopoliticachallenges, The United Nations Conference on Trade and Development (UNcTAD) revealed on Thursday that alobal trade is expected togrow by 3.3% this year, with services trade playing a key role. However, this record performance may be shortlived as rising risks, includingtrade wars and shifting policies, threaten to cloud the outlook for 2025.