WTO cuts outlook for global trade growth; Gold rebounds

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A gloomy outlook is hanging over financial markets after the World Trade Organisation (WTO) joined the growing list of major institutions expressing concerns over the global economy amid trade uncertainty and geopolitical risk.

 

The WTO cut its global trade growth forecast for 2019 to the weakest level in a decade thanks to US-China trade disputes and unfavourable global macroeconomic conditions. Trade growth is now projected to rise by only 1.2% this year, compared to the 2.6% growth forecast made in April. This darkening outlook for trade comes at a time where the… Read More:

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