CLEAN : WTO says goods trade surging past pre-pandemic level

The transcript discusses the pace of trade recovery, which aligns with an optimistic scenario from March. As a result, the WTO has upgraded its projections for merchandise trade in 2021 and 2022. Economists estimate a 10.8% increase in world merchandise trade volume in 2021, followed by a 4.7% increase in 2022.

What does the initial data suggest about the pace of trade recovery?

• It is slower than expected.

• It is aligning with optimistic predictions.

• It is faster than any scenario.

• It is unpredictable.

What action did the WTO take regarding its trade projections?

• They kept their projections unchanged.

• They canceled their projections.

• They downgraded their projections.

• They upgraded their projections.

Which organization is responsible for upgrading the trade projections?

• IMF

• UN

• World Bank

• WTO

By what percentage is the volume of world merchandise trade expected to increase in 2021?

• 12.3%

• 7.2%

• 10.8%

• 5.5%

What is the expected growth rate of world merchandise trade in 2022?

• 3.5%

• 6.0%

• 4.7%

• 5.2%