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WTO lamented the downturn in global trade

  • Author:Dreamy F
  • Source:www.china-disposable.com
  • Release on:2016-04-09
WTO report on April 7th shows that the global trade growth is expected this year will be the fifth consecutive year slowdown, since the 1980s the worst.

The report indicates, WTO the 2016 global trade growth forecast from 3.9% to 2.8%, growth was flat with last year. WTO pointed out that there are still downside risks to the global economy, global trade growth in 2016 may be the fifth consecutive year below 3%.

The report shows that in 2015 developed economies export growth (2.6%) lower than the developing economies (3.3%). However, last year the developed economies import growth was 4.5%, while imports of developing economies grew by only 0.2%.

In this report, WTO did not predict a rebound in global trade, for the first time in years. Many economists believe that since the 2008 global financial crisis, the traditional economic relations have been tested, even broken, but in recent years appeared abnormal patterns of global trade is just one example.

Thanks to China's economic rise, and transport costs plummeted, the rapid development of globalization, the past three decades, world trade growth is twice the global GDP growth.

WTO report also noted that global trade is expected to lead to adjustments are still tilted to the downside risk factors, such as growth in emerging economies slowed further intensified financial market volatility. However, there are some potentially positive factors, such as: the European Central Bank's monetary easing may support faster economic growth in the euro area.


Although the global trading situation is grim, we won't give up the hope and confidence to keep on developing. We'll become the best china disposable suit manufacturer and the best china disposable gowns manufacturer as well.