Monsoon rainfall is likely to be "normal" at 99% of long period average (LPA) with an error margin of +/-5%, India Meteorological Department (IMD) said in its long-range forecast.
World merchandise trade volume is expected to grow 3.0% in 2022 (down from 4.7% previously) and 3.4% in 2023, but these figures may be subject to revision due to uncertainty about the course of the conflict in Ukraine.