October 1, 2015 7:07 PM

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WTO lowers 2015 global trade growth forecast to 2.8%

The World Trade Organization, WTO, lowers 2015 global trade forecast to 2.8 percent. WTO, has revised its forecast for global trade growth in 2015 in the face of a slowdown in the economies of emerging countries. The forecast released yesterday now predicts 2.8 percent year-on-year growth for this year.Its April estimate was 3.3 percent growth. Economists at the organization say economic slowdowns in China, Brazil and other emerging economies are putting a damper on their imports. They also said falling crude oil prices and currency market swings are holding back growth in global trade.

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