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What is the main topic of the blog by Ralph Ossa?

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The blog discusses global trade and economic outlook.

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What happened to global trade in 2025?

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Global trade is expected to decline by 0.2 percent.

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What is one reason for the decline in global trade?

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A surge in tariffs and rising trade policy uncertainty.

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What is expected to happen to global trade in 2026?

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A modest recovery of 2.5 percent is expected.

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What could happen if the United States implements reciprocal tariffs?

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It could reduce global merchandise trade growth by 0.6 percentage points.

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How much could trade policy uncertainty cut growth by?

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It could cut growth by a further 0.8 percentage points.

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What is the expected growth of world GDP in 2025?

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World GDP is expected to grow by 2.2 percent.

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What was the growth of world merchandise trade in 2024?

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The volume of world merchandise trade grew by 2.9 percent.

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What is the expected growth of global services trade in 2025?

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Global services trade is forecast to grow by 4.0 percent.

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What is the importance of open trade policies?

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They are essential for trade and global economic resilience.