Global Trade Activity Surges in Early 2025, WTO Forecasts Slower Growth

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Global trade activity saw a sharp increase in Q1 2025, with businesses rushing to import goods before anticipated tariff hikes. This surge pushed the WTO’s Goods Trade Barometer to 103.5, driven by higher shipping and air freight volumes, alongside a recovery in the electronics and automotive sectors. However, forward-looking indicators such as new export orders have fallen below trend, suggesting a potential slowdown in the coming months. As a result, the WTO has downgraded its trade growth forecast for 2025 to just 0.1%, a significant drop from the initial 2.7%, citing ongoing tariff risks and policy uncertainty. Dr. Femi Egbesola, President of the Association of Small Business Owners of Nigeria, joins the discussion to explore the potential impact on small businesses and global trade dynamics. Will the trade boom continue, or will escalating global tensions lead to a downturn in the economy? Tune in for expert analysis.

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