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01 October 201922.44 The World Trade Organization cut its commercial growth forecasts for 2019 to 1.2%, a clear downgrade compared to the 2.6% increase expected in April; the body has attributed the estimation cut to the escalation of commercial tensions. "The darkening of commercial prospects is daunting but not unexpected," said Azevedo general manager. By 2020 the forecast is 2.7% against a previous 3%. Here too tensions weigh.Trade Organization cuts estimates
2019-10-01T20:58:31.644Z
22.44 The World Trade Organization cut its business growth forecasts for 2019 to 1.2%, a sharp downgrade compared to the 2.6% increase expected in April; the body has attributed the estimation cut to the escalation of commercial tensions. "The darkening of commercial prospects is daunting but not unexpected," said Azevedo general manager. By 2020 the forecast is 2.7% against a previous 3%. Here too tensions weigh.
Source: rainews