WTO cuts 2016 world trade growth forecast to 1.7 pc

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The forecast, much lower than the WTO’s previous estimate of 2.8 percent in April, reflects a slowdown in China and Brazil and also decelerating imports in the United States.

The WTO also expects slower 2017 trade growth than its previous forecast, with a rise of 1.8-3.1 percent rather than the 3.6 percent it had estimated in April.