WTO Cuts Trade Growth Forecast

The World Trade Organization has lowered its global trade growth forecast for this year by one-half percentage point to 3.9%, saying increased trade tensions between large economies and heightened uncertainty contributed to the downgrade.

For next year, the Geneva-based trade body predicts a further slowing of growth in volume terms, to 3.7%.

The WTO cited new trade measures targeting exports from “large economies,” a clear allusion to U.S. tensions with some key trading partners.