The World Trade Outlook Indicator of the WTO dropped to 101.8 as of May 17, down from 102.3 back in February.

WTO noted that the value remains “above the baseline value of 100” which suggests “continued solid trade growth in Q2. However, it’s “probably at a somewhat slow pace” than Q1.

It also pointed out that the dip in WTOI reflects declines in export orders and air freight. And that “may be linked to rising economic uncertainty due to increased trade tensions.”

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