The latest sign arrived Tuesday morning, as the World Trade Organisation slashed its forecast for trade growth for this year and next. Only six months ago, the organisation was forecasting more than double that pace of growth, a 2.6% expansion in merchandise trade. “There’s a combination of indicators for weakening global growth. Prices for crude oil fell, another sign that markets were assuming weaker global economic growth ahead. “That is feeding into the weakness of trade growth for other European countries.”c.2019 The New York Times Company

Source: bd News24 October 02, 2019 02:26 UTC