WTO cuts 2016 world trade growth forecast to 2.8%

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.

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