World trade is set to rebound this year at a slightly faster pace than previously forecast as central banks lower their key interest rates, the World Trade Organization said Thursday.

The World Trade Organisation raised its outlook for global goods trade this year slightly, but cautioned Thursday that increasing geopolitical tensions and uncertainty over economy policy pose substantial risks to its forecast.

The World Trade Organisation has slightly raised its 2024 global goods trade forecast, but cautioned about risks from geopolitical tensions and economic policy uncertainty.