Q. Global Trade Outlook and Statistics Report, recently released by which organization?
Answer: World Trade Organization
Notes: The World Trade Organization's Global Trade Outlook and Statistics Report indicates early signs of trade fragmentation. In 2023, intermediate goods trade decreased by 6%, contrasting with stagnant non-intermediate trade. China's share of Asian trading partners for parts and accessories slightly dropped. Disruptions in key shipping routes, such as the Panama and Suez Canals, are challenging global trade resilience. Traffic diversion via the Cape of Good Hope adds approximately 10 days to Asia-Europe journeys.
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