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WTO cuts 2015 global trade growth outlook

Expansion of 3.3% likely now, instead of earlier estimate of 4%; fragile world GDP, rising geopolitical tensions cited

Published Tue, Apr 14, 2015 · 09:50 PM

Geneva

GLOBAL commerce is expected to grow just 3.3 per cent this year, the World Trade Organization (WTO) said on Tuesday, slashing its previous forecast of 4.0 per cent over weak global economic growth and rising geopolitical tensions.

The trade body also said preliminary estimates showed trade had expanded just 2.8 per cent last year, missing September's forecast of 3.1 per cent.

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International

International

WTO cuts 2015 global trade growth outlook

International

Biden now calls ally Japan ‘xenophobic’ along with China, Russia

Japanese companies struggle with yen’s continued weakness

Australia’s March goods trade surplus narrows to more than 3-year low

Hong Kong holds rate as Fed signals inflation concerns

Australian business strength is shocking even its biggest lender

South Korea’s factory activity shrinks in April, but optimism about outlook ticks up

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