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September 28, 2016

As rhetoric heats up global trade cools off

  • The World Trade Organization says the dramatic slowing of trade growth is serious ‘and should serve as a wake-up call.'
    • By JAMEY KEATEN and PAN PYLAS
    Associated Press

    GENEVA — Trade, that lifeblood of the world economy, is growing at its slowest rate in seven years and could falter even more should anti-globalization sentiment encourage governments to throw up more barriers.

    That's the verdict from the World Trade Organization, which dramatically slashed its forecast for trade growth this year by about a third to its lowest rate since 2009, when the global economy was mired in recession in the wake of the financial crisis.


     
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