WTO cuts growth forecasts as tariff wars start to bite
Annual global growth in merchandise goods is now expected to rise 3.9% compared with April forecast of 4.4%.
Nevil Gibson
Tue, 02 Oct 2018
The World Trade Organisation has downgraded its growth forecasts as the US-China tariff war takes its toll.
The April estimate of a 4.4% expansion in merchandise trade volume for 2018 has been cut to 3.9%, slowing further to 3.7% in 2019.
Director general Roberto Azevêdo says, “While
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Nevil Gibson
Tue, 02 Oct 2018
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