Economic Reporter :
The World Trade Organization on April 7 revised its 2016 global trade forecast downward by more than one percentage point, warning that a slowdown in China and broad market volatility continued to threaten growth.
In September, the WTO estimated that global trade would rise by 3.9 percent this year, but lowered that projection to 2.8 percent, in an updated forecast.
“Trade is still registering positive growth, albeit at a disappointing rate,” WTO director general Robert Azevedo said in a statement, reports Hurriyet Daily News.
Various factors were continuing to apply downward pressure on global commerce, the Geneva-based body said.
The World Trade Organization on April 7 revised its 2016 global trade forecast downward by more than one percentage point, warning that a slowdown in China and broad market volatility continued to threaten growth.
In September, the WTO estimated that global trade would rise by 3.9 percent this year, but lowered that projection to 2.8 percent, in an updated forecast.
“Trade is still registering positive growth, albeit at a disappointing rate,” WTO director general Robert Azevedo said in a statement, reports Hurriyet Daily News.
Various factors were continuing to apply downward pressure on global commerce, the Geneva-based body said.
