WTO cuts 2016 world trade growth forecast to 2.8%

[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