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WTO Cuts 2015 Global Trade Growth Outlook to 3.3%

Posted April 14, 2015

Under Economic Issues, International Trade Issues

(Agence France-Presse)

Global commerce is expected to grow just 3.3 percent this year, the World Trade Organization said Tuesday, slashing its previous forecast of 4.0 percent over weak global economic growth and rising geopolitical tensions.

The trade body also said preliminary estimates showed trade had expanded just 2.8 percent last year, missing September's forecast of 3.1 percent.

“Trade growth has been disappointing in recent years due largely to prolonged sluggish growth in GDP following the financial crisis,” said WTO chief Roberto Azevedo. Click here to read more.