Geneva: Global trade is rebounding strongly, the World Trade Organization (WTO) said on Thursday, with commerce expected to grow by 3.6% in 2017, well above last year’s figure of 1.3% and also up from the WTO’s April forecast of 2.4%.
The rapid acceleration was due to last year’s low base, a resurgence of Asian trade flows and recovering North American import demand.
The pace will moderate next year and is estimated at 3.2%, within a range of 1.4-4.4%, the WTO said. Reuters
