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
Hong Kong growth beats forecast as recovery gains traction
If inflation continues to build, the Fed won’t be able to maintain neutral stance for long
Thailand to increase daily minimum wage to 400 baht in Oct
UK set for weak growth and highest inflation in G7, OECD says
German manufacturing downturn eases in April, PMI survey shows
India RBI's FX intervention eases as conditions turn favourable for rupee