Experts Explain | What is inflation? | Paul Donovan

Trade and Investment

Following Russia’s invasion of Ukraine and COVID-19-related lockdowns in China, the World Trade Organization lowered its expectation for global merchandise trade volume in 2022 to 3% growth compared with the prior year (down from 4.7%). Global trade and investment had already been in flux prior to the pandemic and outbreak of war in Europe, as major initiatives were either formed or renegotiated. The very legitimacy of the current global trading system, with the WTO at its core, has been in focus - as policy-makers try to respond to mounting risks and general geo-economic upheaval.This briefing is based on the views of a wide range of experts from the World Economic Forum’s Expe...