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WTO warns 'darkened' trade outlook could deteriorate furtherThe World Trade Organization forecast a slowdown of global trade growth next year as sharply higher energy and food prices and rising interest rates curb import demand, and warned of a possible contraction if the war in Ukraine worsens.

World Bank cuts 2022 East Asia growth outlook, cites China slowdownMANILA: Economic growth in East Asia and the Pacific will weaken sharply in 2022 due to China's slowdown, but the pace of expansion will pick up next year, the World Bank said on Tuesday (Sep 27). The Washington-based lender said in a report it expected 2022 growth in the East Asia and Pacific region, whic

'We must change course': UN warns that the world is on the brink of recession"All regions will be affected, but alarm bells are ringing most for developing countries, many of which are edging closer to debt default," the UNCTAD warned.

IMF warns of a global recession in 2023; projects world economic growth lower by $4 trillion through 2026The International Monetary Fund is again lowering its projections for global economic growth in 2023, projecting world economic growth to be lower by $4 trillion through 2026.

Articles

Global Trade Finance Gap Widened to $1.7 Trillion in 2020The global trade finance gap grew to an all-time high of $1.7 trillion in 2020, a 15% increase from two years earlier, as the pandemic heightened economic and financial uncertainties and devastated global trade, according to the latest...

Why exporters need to mind the trade finance gap Clearing the obstacles between global markets and SMEs will help drive growth in the world’s poorest countries.

How investing in trade finance can be profitable and help SMEs thriveNew technology, regulation, and ESG commitments can transform trade finance assets into profitable capital market products that SMEs can readily access.

Reconceiving the global trade finance ecosystemTrade finance does not work as well as it could, particularly for the millions of smaller businesses that help fuel the global economy. A new joint report sets out a vision for improving the ecosystem for all players.

Accelerating winds of change in global paymentsThe COVID-19 crisis is having a significant and widespread effect on global payments across sectors. The most striking and potentially lasting impact is an accelerating pace of change in the industry.

The 2021 McKinsey Global Payments Report | Financial ServicesDespite challenges, the global payments sector is primed for a return growth.

The 2022 McKinsey Global Payments Report | Financial ServicesIn a period of ongoing macroeconomic and geopolitical upheaval, the global payments ecosystem is once again demonstrating resilience.

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