World trade will continue to face strong headwinds in 2019 and 2020 after growing more slowly than expected in 2018 due to rising trade tensions and increased economic uncertainty. WTO economists expect merchandise trade volume growth to fall to 2.6% in 2019 — down from 3.0% in 2018. Trade growth could then rebound to 3.0% in 2020; however, this is dependent on an easing of trade tensions.
WTO Director-General Roberto Azevêdo said: “With trade tensions running high, no one should be surprised by...
https://container-news.com/wto-global-trade-growth-loses-momentum/