WTO lowers trade forecast as tensions unsettle global economy WTO lowers trade forecast as tensions unsettle global economy
WEDNESDAY, OCTOBER 02, 2019
Escalating trade tensions and a slowing global economy have led World Trade Organization (WTO) economists to sharply downgrade their forecasts for trade growth in 2019 and 2020. World merchandise trade volumes are now expected to rise by only 1.2 per cent in 2019, substantially slower than the 2.6 per cent growth forecast in April.