WTO predicted in April this year that trade growth could be at 2.8% in 2016 but a recent report from WTO suggests that Global Trade Forecast is now at 1.7% that’s a steep decline.
This could damage the equity as well as commodity market across the global. As this could be a defined indication of global slowdown.
Points for Slow down could be:
- World Trade Organization in April estimated growth this year of 2.8%.
- Points to slowdown in China, Brazil; slowing U.S. imports.
- Estimate for 2017 cut to 1.8-3.1% from 3.6% in April.
- OECD last week cut global, U.S. growth forecasts on slowing trade.