The World Trade Organization (WTO) has almost halved its growth rate prediction from 4.7% to 3% for 2022. The prime reason is the Russia-Ukraine war, but there are other reasons too.
Bangladesh, Cambodia, Lao People’s Democratic Republic (PDR), Myanmar and Nepal are expected to break out from the LDC bracket in 2026. How they cope will largely depend on the extent to which such adjustments can cushion the impact on their T&C sector.
