WTO cuts 2016 world trade growth forecast to 2.8%
Published Thu, Apr 7, 2016 · 10:32 AM
[GENEVA] World trade growth will come to 2.8 per cent this year, lower than a previous forecast of 3.9 per cent, the World Trade Organization forecast on Thursday.
It expects trade to rise to 3.6 per cent in 2017, breaking through 3.0 per cent for the first time in six years.
But the WTO has repeatedly revised preliminary estimates over the past five years as predictions of economic recovery prove overly optimistic.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Beijing city to subsidise domestic AI chips, targets self-reliance by 2027
China passes tariff law as tensions with trading partners simmer
Blinken meets Chinese counterpart Wang Yi in Beijing
South Korea’s public finances no longer a credit rating ‘strength’: Fitch
UK consumer confidence improves as inflation and taxes fall
Inflation in Japan’s capital falls below BOJ target, slows for second month