Economy
April 4, 2019
WTO Revises Trade Forecast Lower for 2019
Written by Sandy Williams
Rising trade tensions took a toll on global economic growth in 2018 and will create strong headwinds in 2019 and 2020, says a new report by the World Trade Organization.
Global trade grew 4.6 percent in 2017 generating optimism that an upward momentum was beginning. Data from 2018, however, showed trade underperforming, with growth of just 3.0 percent. In its new forecast, the WTO now expects world trade to grow just 2.6 percent in 2019.
