Global Trade Growth Will Continue to Slide in 2019, WTO Says



Bryce Baschuk | Bloomberg

Global trade growth is on track to slide further the first quarter of 2019, the World Trade Organization said.

The WTO in September said it expects world merchandise trade growth will slow to 3.7 percent this year down from 3.9 percent in 2018.

“These estimates could be revised downward if trade conditions continue to deteriorate,” the WTO said in its latest World Trade Outlook Indicator report released on Tuesday. “The simultaneous decline of several trade-related indicators should put policy makers on guard for a sharper slowdown should the current trade tensions remain unresolved.”

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