Global trade growth slows in 2016: WTO

Global trade growth figures for 2016 have fallen short of estimates, according to the World Trade Organization (WTO).

In a report released by the WTO on Tuesday, global trade grew by 1.7 per cent so far in 2016, much less than the 2.8 per cent forecast last April, Efe news reported.

The growth outlook for 2017 has, therefore, been revised and was now estimated at between 1.8 and 3.1 per cent, down from 3.6 per cent projected five months ago.

Growth figures this year have been the lowest since 2009, a year of global financial crisis.

--IANS

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