WTO raises 2014 global trade growth forecast to 4.7pc
Monday, 14 April 2014
Global commerce is set to grow by 4.7 per cent this year, the World Trade Organization said on Monday, as a recovery in rich economies is expected to help balance out risks in developing nations. The WTO previously had forecast that trade would expand by 4.5 per cent in 2014, up from an estimated rate of 2.1 per cent the previous year, according to AFP.