The World Trade Organization (WTO) has released its Global Trade Outlook, pointing to a slowdown in world trade.
- Global merchandise trade growth is projected to drop to 1.9% in 2026 from 4.6% in 2025.
- The West Asia conflict and rising energy prices are cited as the main reasons.
- Disruptions in the Strait of Hormuz have lifted oil prices and hit global supply chains.
- Costlier energy is likely to affect transport, agriculture and manufacturing.
- India faces risks because of its reliance on oil and fertiliser imports from the Gulf.