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- The World Trade Organization downgrades its world trade forecasts for this and next year
The World Trade Organization downgrades its world trade forecasts for this and next year
The World Trade Organization (WTO) said on Wednesday that the world trade expected to climb 2.8% in 2015, down its April's estimate of a 3.3% growth. The WTO pointed out that there are risks to the growth outlook.
"These include a sharper-than-expected slowdown in emerging and developing economies, the possibility of destabilizing financial flows from an eventual interest rate rise by the US Federal Reserve, and unanticipated costs associated with the migration crisis in Europe," the WTO said.
The world trade in 2016 is expected to rise by 3.9%, down its April's estimate of a 4.0% increase.
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