Trade growth slowdown likely to worsen amid tariff war, says WTO

The WTO brings out its quarterly forecast of global trade growth through the World Trade Outlook Indicator index

Rising trade tensions have prompted the World Trade Organization (WTO) to dim its prospect for trade growth in the second quarter of the 2019 calendar year. 

“World trade growth is likely to remain weak into the second quarter of 2019,” the WTO said on Monday, pointing towards falling levels of growth in international air freight, automobile production, sales and trade in agriculture raw materials. “The outlook for trade could worsen if heightened trade tensions are not resolved or if macroeconomic policy fails to adjust to changing circumstances,” it further said. 

While the WTO did not mention the US and China in its