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Business News/ News / World/ WTO quarterly trade growth indicator remains at nine-year low

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WTO quarterly trade growth indicator remains at nine-year low

1 min read 20 May 2019, 07:17 PM IST Join us

Tom Miles , Reuters

The outlook for trade could worsen further if heightened trade tensions are not resolved, says WTO
The latest indicator did not reflect major trade moves in the last few days

Geneva: The World Trade Organization's quarterly outlook indicator showed on Monday that global goods trade growth was likely to remain weak, with a reading of 96.3, unchanged from February, the lowest since 2010.

"The outlook for trade could worsen further if heightened trade tensions are not resolved or if macroeconomic policy fails to adjust to changing circumstances," the WTO said, adding that the latest indicator did not reflect major trade moves in the last few days.

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