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A sudden dip in export orders globally, brought about by an escalating trade war between the two largest economies - the US and China, has led to the World Trade Organization (WTO) dimming its prospects for trade growth in the third quarter of 2018 calendar year.
The Geneva-based body brings out its quarterly forecast of global trade growth through the World Trade Outlook Indicator (WTOI) index which on Thursday showed a sudden slowdown in global export orders, stemming from slow growth in crucial sectors.
“The moderation in the overall WTOI index was driven by export orders (97.2), which have declined
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