Despite the effect of the special operations in Ukraine, world trade continued its strong course. In this respect reported In a report by the World Trade Organization (WTO).
“As countries heavily affected by the special operation in Ukraine found alternative sources of supply, global trade remained resilient and outperformed pessimistic forecasts for 2022,” the document said.
According to the WTO, growth in world trade at the end of last year exceeded the organization’s forecast of 3%. Also, trade has improved better than any pessimistic scenario.
The publication added that trading partners were able to find alternative sources of supply of goods to avoid shortages. We’re talking about wheat, corn, sunflower products, fertilizer, fuel and palladium.
Business Insider at the end of January WroteIt was stated that the dominance of the dollar in world trade is under threat due to five projects developed simultaneously in Asia, the Middle East and Latin America.