World Trade Seen Growing at Sluggish Pace in two thousand-sixteenth

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Source:   —  April 07, 2016, at 6:48 PM

The Geneva-based trade body forecast that trade growth should choose up to 3.6 % in two thousand-seventeenth — though risks love China'south economic slowdown, financial market instability and the impact of exchange-rate swings on high-debt countries could weigh.

The World Trade Organization is predicting global trade will expand by a "disappointing" 2.8 % this year, the same rate as latest year and the fifth straight below three percent.

The Geneva-based trade body forecast that trade growth should choose up to 3.6 % in two thousand-seventeenth — though risks love China'south economic slowdown, financial market instability and the impact of exchange-rate swings on high-debt countries could weigh.

WTO Director-General Roberto Azevedo said in a statement Thursday that trade was nonetheless positive — if at a "disappointing rate" — and well-known that a slump in product prices and exchange rate shifts had reduced the overall cost of trade. It fell thirteen % to $16.5 trillion in 2015.

Azevedo warned about "the threat of creeping protectionism" by increasing trade restrictions by governments.

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