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The World Trade Organization forecasts global trade growth of 2.4%

  • Author:Orient Honest
  • Source:www.china-disposable.com
  • Release on :2017-04-13
According to the World Trade Organization forecast released on the 12th, global trade is expected to grow by 2.4% in 2017.

The World Trade Organization said in a statement that the global trade growth could be between 1.8% and 3.6% this year due to the "high degree of uncertainty" in policy, and is expected to remain between 2.1% and 4% in 2018 between.Global trade grew by only 1.3% in 2016, the slowest pace since the 2008 financial crisis.

The slow growth of international trade in recent years is a manifestation of the continuing weakness of the world economy. He said trade would be able to contribute to world economic growth if the flow of goods and cross-border services remained smooth; but if policymakers were to impose strict restrictions on imports to protect their jobs, trade might not only promote economic growth, Even restricting economic recovery.

Take manufacturing as an example, pointing to the impact of innovation, automation and the use of new technologies on employment. He also stressed that no one would question the benefits of technological progress to mankind. He called on governments to strengthen education and training, to play a trade advantage and create more job opportunities.