WTO cuts 2016 world trade growth forecast to 2.8 percent | Reuters - Firstpost
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WTO cuts 2016 world trade growth forecast to 2.8 percent | Reuters

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

It expects trade to rise to 3.6 percent in 2017, breaking through 3.0 percent 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.

(Reporting by Tom Miles; Editing by Hugh Lawson)

This story has not been edited by Firstpost staff and is generated by auto-feed.

First Published On : Apr 8, 2016 02:00 IST

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