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WTO cuts global trade forecast drastically

Anti-globalisation rhetoric, Brexit push trade growth to its slowest pace since the financial crisis, it warns

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The WTO says that its downgrade follows a sharper-than-expected decline in merchandise trade volumes in the first quarter, and a smaller-than-expected rebound in the second quarter.

Geneva

THE World Trade Organization (WTO) on Tuesday downshifted its global trade forecast, warning that anti-globalisation rhetoric and "Brexit" were pushing trade growth to its slowest pace since the financial crisis.

The warning comes as talks on a landmark free trade deal

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