World Trade Organization (WTO) economists have lowered their forecast for world trade growth in 2015 and 2016 due to a slew of factors including weaker import demand from China and falling oil prices, the WTO said on Wednesday
WTO economists cut their 2015 global trade growth forecast for 2015 to 2.8 percent, from the 3.3 percent forecast made in April, and reduced their estimate for 2016 to 3.9 percent from 4.0 percent.
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