Consider the following statements regarding the World Trade Report 2026:1.It is published annually by the World Trade Organization.2.The report highlights that increasing geopolitical cooperation will drastically expand long-term global GDP.Which of the statements given above is/are correct?

Statement 1 is correct because the World Trade Report is the flagship annual publication of the World Trade Organization. Statement 2 is incorrect because the report actually warns that rising geopolitical tensions and state intervention could reduce long-term global GDP, not expand it through cooperation.