Search

WTO cuts trade growth forecast to 3.9 per cent for 2018

GENEVA -- The World Trade Organization has lowered its global trade growth forecast for this year by one-half percentage point to a still-robust 3.9 per cent, saying increased trade tensions between large economies and heightened uncertainty contributed to the downgrade.

For next year, the Geneva-based trade body predicts a further slowing of growth in volume terms, to 3.7 per cent.

WTO Director General Roberto Azevedo said Thursday: "While trade growth remains strong, this downgrade reflects the heightened tensions that we are seeing between major trading partners."

The WTO cited new trade measures targeting exports from "large economies," a clear allusion to U.S. tensions with some key trading partners.

Let's block ads! (Why?)



Bagikan Berita Ini

Related Posts :

0 Response to "WTO cuts trade growth forecast to 3.9 per cent for 2018"

Post a Comment

Powered by Blogger.