Tags: EU | World Trade

'Dramatic Slowing' Seen in Global Trade

Tuesday, 27 September 2016 06:27 AM

GENEVA (AP) — The World Trade Organization is decrying a "dramatic slowing of trade growth" as it revises downward its projections, saying trade is now on track this year to grow at the slowest pace since 2009.

Director-General Roberto Azevedo says the "serious" slowdown "should serve as a wake-up call" amid growing anti-globalization sentiment.

The WTO predicted Tuesday that global trade will rise 1.7 percent this year, down from its April prediction for 2.8 percent. Trade in 2017 is now expected to rise between 1.8 percent and 3.1 percent, down from 3.6 percent anticipated previously.

The Geneva-based trade body cited slowing economic and trade growth in developing countries like China and Brazil as well as a deceleration in North America after strong import growth in the last two years.

© Copyright 2019 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

   
1Like our page
2Share
Europe
The World Trade Organization is decrying a "dramatic slowing of trade growth" as it revises downward its projections, saying trade is now on track this year to grow at the slowest pace since 2009.Director-General Roberto Azevedo says the "serious" slowdown "should serve as...
EU,World Trade
128
2016-27-27
Tuesday, 27 September 2016 06:27 AM
Newsmax Media, Inc.
 
 

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved