WTO warned of global trade slowdown


The World Trade Organization reported that the index, reflecting the state of global trade, fell to its lowest level since 2010, amounting to 96.3 points. The WTO develops the index, taking into account data from world trade, export orders, container shipping and indicators of the automotive industry. Its value suggests that the growth rate of world trade will slow down in the first quarter of this year. The organization warns that this forecast suggests that a wider economic downturn can be expected, and indicates the need to reduce trade disputes. According to WTO estimates, global trade in 2019 will slow growth to 3.7% from the expected 3.9% in 2018.

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