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WTO revises down global trade forecast

by ChemOrbis Editorial Team -
  • 08/04/2016 (14:06)
According to media reports, the World Trade Organization (WTO) revised its forecasts for global trade growth downward to 2.8% from its previous estimate of 3.9% in September. The bank reported that the slowing Chinese economy and prevailing financial volatility have continued to threaten global economic growth.

However, the bank also reported that in case that the European Central Bank’s (ECB) stimulus measures could spur eurozone growth; global trade is likely to post stronger growth than their expectations of 2.8%. In 2017, meanwhile, the WTO forecasts global trade to increase by 3.6% in line with higher global demand for Asian goods.
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