2023 sees global trade recession but hope is in sight

2023 sees global trade recession but hope is in sight

(VOVWORLD) - Persistentinflation and high interest rates, slow recovery of many major economies, geopolitical instability, and rising public debt in many countries have caused a global trade recession this year. Economists say...
Vietnam abides by Montreal Protocol

Vietnam abides by Montreal Protocol

(VOVWORLD) - Vietnam has eliminated more than 1,000 tons of HCFC-22 (ozone-depleting substance) in the production of air conditioners, household cold appliances, refrigeration equipment, and repair and maintenance of cold...
Hamas-Israel conflict overcasts Middle East

Hamas-Israel conflict overcasts Middle East

(VOVWORLD) -The Hamas-Israel conflict is a geopolitical cataclysm overshadowing the Middle East this year. It’s the largest conflict of the past few decades between Israel and the Islamist movement...
Global trade to drop 5% this year

Global trade to drop 5% this year

(VOVWORLD) - Global trade is set to contract 5% in 2023, the UN Conference on Trade and Development (UNCTAD) said Monday, and its forecast for 2024 was pessimistic