WTO hikes 2021 trade growth forecast, but COVID-19 risks linger

WTO director-general Ngozi Okonjo-Iweala

The World Trade Organization has slightly raised its growth forecast for global goods trade this year, but says the outlook is clouded by risks from the roll-out of coronavirus vaccines and the possible emergence of vaccine-resistant strains.

WTO director-general Ngozi Okonjo-Iweala told a news conference on Wednesday that vaccines had given the world a chance of stopping the disease and jump-starting the economy.

Adolphus Mawolo has more.

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