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

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.


Updated Date: Apr 08, 2016 02:00 AM

Also Watch

IPL 2018: Royal Challengers Bangalore eye revival against Chennai Super Kings as 'Cauvery Derby' comes back to life
  • Thursday, April 26, 2018 In the Kanjarbhat community, a campaign against 'virginity tests' is slowly gaining ground
  • Tuesday, April 24, 2018 It's A Wrap: Beyond the Clouds stars Ishaan Khatter, Malavika Mohanan in conversation with Parul Sharma
  • Monday, April 9, 2018 48 hours with Huawei P20 Pro: Triple camera offering is set to redefine smartphone imaging
  • Monday, April 16, 2018 Rajyavardhan Singh Rathore interview: Sports can't be anyone's fiefdom, we need an ecosystem to nurture raw talent

Also See