Economics
WTO Cuts Outlook for Global Trade Growth to Lowest in a Decade
- Group reduces trade growth forecast for 2019 to 1.2% vs 2.6%
- WTO cites rising global tensions, Brexit uncertainty
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The World Trade Organization cut its global trade growth forecast for this year to the weakest level in a decade, warning that further rounds of tariffs in an environment of heightened uncertainty could spark a “destructive cycle of recrimination.”