GENEVA (AP) — The World Trade Organization is decrying a "dramatic slowing of trade growth" as it revises downward its projections, saying trade is now on track this year to grow at the slowest pace since 2009.Import slowdown in the USA. Average yearly growth in the USA is about 1.5% at the moment. Looking forward, the USA is no longer the strong consumer market of yesteryear. Expect more Asian rebalance.
Director-General Roberto Azevedo says the "serious" slowdown "should serve as a wake-up call" amid growing anti-globalization sentiment.
The WTO predicted Tuesday that global trade will rise 1.7 percent this year, down from its April prediction for 2.8 percent
Tuesday, September 27, 2016
Global trade slowdown
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