The World Trade Organization’s quarterly outlook indicator showed on Monday that global goods trade growth was likely to remain weak, with a reading of 96.3, unchanged from February, the lowest since 2010.
“The outlook for trade could worsen further if heightened trade tensions are not resolved or if macroeconomic policy fails to adjust to changing circumstances,” the WTO said, adding that the latest indicator did not reflect major trade moves in the past few days.
A score of below 100 in the indicator, a composite measure of seven drivers of trade, signals below-trend growth in global goods trade, which the WTO’s April forecast estimated at 2.6 percent this year, the midpoint of a forecast range from 1.3 percent to 4.0 percent.
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