Global trade volume growth rate drastically reduced to 1.2% or October 2 at 4:43 due to US-China trade friction
Due to the intense trade friction between the United States and China, the global trade volume growth rate will remain at 1.2%, which is much smaller than last year, and the growth will be subject to rapid braking. Revealed.
On the 1st, the WTO announced forecasts of future growth rates for global trade in goods.
According to it, the growth rate of this year is only 1.2% increase, and a significant deceleration is expected compared to last year when it increased by 3%.
As of April, the WTO had predicted a growth rate of 2.6%, but in addition to continued intense trade friction between the United States and China, the UK's withdrawal from the EU = European Union Due to concerns about the impact of
Looking at export growth forecasts by region, North America is expected to drop significantly from last year's 4.3% to 1.5%, Asia will drop from 3.8% to 1.8%, and Europe will drop from 1.6% to 0.6%. It has become a form of rapid braking in a wide range of regions.
WTO Director-General Azebedo said, “Increasing uncertainty about trade may lead to stagnation in corporate capital investment and may lead to a decrease in employment.” We are appealing to each country to solve it.