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
Last Updated : Apr 07 2016 | 5:25 PM IST

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.

Read more from our special coverage on "WTO"

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

 

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

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

Next Story