The WTO predicts a gradual global trade growth in 2024, projecting a 2.6% increase, down from the previous forecast of 3.3%. Regional conflicts, geopolitical tensions, and economic uncertainties pose substantial risks to this outlook. Decline in merchandise exports in 2023 was attributed to falling commodity prices. Rising protectionism and trade fragmentation are additional concerns. The Red Sea crisis threatens trade routes, prompting rerouting and increased voyage times, impacting global supply chains. The report emphasizes the need to mitigate risks for sustained economic growth and stability.