WTO Warns of Recession Risk Due to US-China Trade Tensions

Geneva The World Trade Organization (WTO) cautioned Wednesday that rising trade disputes between the United States and China pose a significant threat to the global economy, potentially triggering a recession. In its latest economic forecast, the WTO highlighted a sharp deterioration in the outlook for global trade, citing increased tariffs and retaliatory measures as primary drivers. The organization urged both nations to de-escalate the conflict and seek collaborative solutions to prevent further economic damage. Economists are analyzing various scenarios, including the impact on supply chains, consumer prices, and investment flows. The WTO emphasizes the importance of international cooperation to maintain stability and promote sustainable economic growth.