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WTO Cuts 2016 World Trade Growth Forecast to 2.8 Percent

World trade growth will come to 2.8 percent this year, lower than a previous forecast of 3.9 percent, the WTO forecast.

Published: 07th April 2016 04:19 PM  |   Last Updated: 07th April 2016 04:19 PM   |  A+A-

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.

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