WTO director general Ngozi Okonjo-Iweala called prospects for trade “dim amid growing signs of a global economic downturn”, pointing to “simultaneous exogenous shocks” in much of the world. Photo: AP
WTO director general Ngozi Okonjo-Iweala called prospects for trade “dim amid growing signs of a global economic downturn”, pointing to “simultaneous exogenous shocks” in much of the world. Photo: AP
Taiwan

Export-led Taiwan signals weakening global demand in new omen of recession as WTO predicts trade downturn

  • Taiwan’s National Development Council said its ‘overall monitoring indicator’ for the US$760 billion economy fell by one point in August to 23
  • World Trade Organization chief Ngozi Okonjo-Iweala calls prospects for trade ‘dim amid growing signs of a global economic downturn’

WTO director general Ngozi Okonjo-Iweala called prospects for trade “dim amid growing signs of a global economic downturn”, pointing to “simultaneous exogenous shocks” in much of the world. Photo: AP
WTO director general Ngozi Okonjo-Iweala called prospects for trade “dim amid growing signs of a global economic downturn”, pointing to “simultaneous exogenous shocks” in much of the world. Photo: AP
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