The World Trade Organization says world trade growth is likely to be slower than previously thought in 2018 and 2019 amid the ongoing trade war between the U.S. and China.
According to the latest forecast by the WTO,... the world trade in goods would grow by three-point-nine percent this year,... less than the four-point-four percent it forecast in April.
A trade growth of three-point-seven percent is expected for 2019,... down from its previous forecast of 4-percent.
WTO Director-General Roberto Azevedo (Az-eh-vay-do) says while trade growth remains strong,... the downgrade reflects the heightened tensions between the U.S. and China.