Business Standard

Monday, December 23, 2024 | 08:53 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

WTO cuts 2016 world trade growth forecast to 2.8%

It expects trade to rise to 3.6% in 2017

WTO cuts 2016 world trade growth forecast to 2.8%

Reuters Geneva

World trade growth will come to 2.8% this year, lower than a previous forecast of 3.9%, the World Trade Organization forecast on Thursday.

It expects trade to rise to 3.6% in 2017, breaking through 3.0% for the first time in six years.

But the WTO has repeatedly revised preliminary estimates over the past five years as predictions of economic recovery prove overly optimistic.

 

 

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Apr 07 2016 | 3:54 PM IST

Explore News