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
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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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