WTO cuts 2013 world trade forecast to 2.5 percent
GENEVA, Sept 9
GENEVA, Sept 9 (Reuters) - World trade is expected to grow by 2.5 percent this year and 4.5 percent in 2014, the World Trade Organization's new chief Roberto Azevedo said on Monday, revising down previous estimates of 3.3 percent and 5 percent.
Azevedo said the figures will be detailed in a report to be released on September 19. He said the forecasts had been cut because the European Union had been expected to recover in the second quarter of this year, but was now expected to bottom out in the third quarter.
- Fired-up Republicans have edge in midterm turnout war
- Branson to meet Virgin Galactic space team after crash |
- Soldiers vie for power after Burkina Faso president quits |
- UK says will pay off part of World War One-era debt next year
- Kurdish peshmerga forces enter Syria's Kobani after further air strikes |