WTO sees growth in third quar­ter

China Daily (Hong Kong) - - BUSINESS -

The lat­est World Trade Out­look In­di­ca­tor points to global mer­chan­dise trade growth that will con­tinue to strengthen in the third quar­ter of 2017, the World Trade Or­ga­ni­za­tion said on Mon­day. Mean­while, global ex­port or­ders also show signs of flat­ten­ing, which could mean that the up­ward mo­men­tum in trade growth may have peaked, the WTO cau­tioned. It added that if this were the case, trade growth would be ex­pected to mod­er­ate later this year. The re­sults are slightly stronger than the WTO’s most re­cent trade fore­cast of April 12, which an­tic­i­pated mod­er­ate trade growth this year af­ter weak ex­pan­sion in 2016.

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