2014 global trade forecast upped to 4.7%

15 April 2014

World trade is expected to grow by 4.7% in 2014 and at a slightly faster rate of 5.3% in 2015, World Trade Organisation (WTO) economists said on Monday, upgrading their growth prediction for the year from a preliminary forecast of 4.5% trade growth for the 12 months.

Although the 2014 forecast of 4.7% was more than double the 2.1% increase of last year, the organisation cautioned that it remained below the 20-year average of 5.3%. For the past two years, trade growth had averaged only 2.2%.
By: Natalie Greve

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