Global trade is deteriorating fast, sapping the world’s economy
London • A weakening world economy, President Donald Trump’s trade war with China and fears of a potentially tumultuous Brexit have combined to produce a dramatic slowdown in global commerce, the World Trade Organization said Tuesday.The Geneva-based organization slashed its forecast for trade growth for this year and 2020, a troubling indicator as economists warn of continued weakness in the global economy.World trade in merchandise is now expected to expand by only 1.2% during 2019,
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