“World trade is expected to increase by only 1.2% in 2019. This is significantly lower than the April forecast, which was 2.6%, ”the report said.

In 2020, the WTO expects trade to accelerate to 2.7% (against 3% in the spring forecast).

At the same time, the organization predicts global GDP growth of 2.3% both this year and next.

Economists emphasize that the risk of a further decline in trade growth remains high, and forecasts for 2020 depend on a return to "more normal trade relations."

Earlier it was reported that a new round of trade negotiations between the United States and China will be held in October.

It also became known that Beijing initiated a trial in the WTO in connection with new duties on Chinese exports from Washington.