Copenhagen - The International Monetary Fund (IMF) recently published the January 2025 update to their World Economic Outlook (WEO) report, which was published in October 2024. In this update, key revisions were made to global trade growth, especially for advanced economies. Figure 1 shows the growth figures for 2020-2024, the projections for 2025-2026, and the revisions made to the latter two years relative to the October 2024 report.

IMF projected that world trade growth in 2025 would be 3.2%, increasing to 3.3% in 2026. However, both projections were revised downwards in the latest update . . .