Global Body Cuts 2015 Trade Forecast, Cautions on Currencies

April 14, 2015 10:44 AM

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The World Trade Organization has cut its forecast for global trade growth this year and cautioned about the impact stemming from big exchange rate movements and geopolitical tensions.

The Geneva-based body forecast Tuesday that the volume of world merchandise trade will expand by 3.3 percent this year, down from its forecast last September of 4 percent. In 2016, the WTO is forecasting 4 percent growth.

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