Watchdogs warn of a world trade slowdown as weak growth and trade barriers take their toll
Global trade faces its worst year since the financial crisis as weak growth and a surge in protectionism take their toll, according to two international watchdogs.
The World Trade Organisation said it expects trade to rise by just 1.7 per cent this year – well below the 2.8 per cent it predicted in April and the weakest performance since 2009.
The International Monetary Fund blamed 'weak economic activity' around the world as well as a recent spike in trade barriers put up by some countries.
The Washington group also warned that the global economy risks sliding into a Japanese-style... read more
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