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The WTO has lowered its forecast for growth in world trade for 2014 to 3, 1%


The world trade Organization has lowered its forecast for growth in world trade in 2014 to 3, 1% from the April estimate in 4, 6%, for 2015 forecast lowered to 4% 5, 3%, according to a press release from the organization.

" International organizations heavily revised their forecasts of increasing GDP after disappointing economic improvement in the first part of the year. Because of this, forecasts for growth in trade for 2014 and 2015 were also revised downward, " said the head of the WTO, Roberto Azevedo (Roberto Azevedo).

The organization emphasizes that the projected increase for 2014 and 2015 are below the average value over 20 years (1983-2013 years) level 5, 2%. In 2012-13, the growth amounted to 2, 2%.

in view of the reasons for low rate of increase of world trade in 2014 WTO calls low import demand from advanced economies, weak statistical data from Europe and China, as well as geopolitical Tensions and regional conflicts.

the press release notes that there are some factors that have the ability to affect economic performance in the future. In view of such factors WTO refers to the input of economic sanctions, the epidemic of Ebola virus and the continuing conflicts in the middle East.

" Tensions between the EU and the US on the one hand and Russia on the reverse around Ukraine has already led to the imposition of economic sanctions on certain foodstuffs, the list of items covered limits may be extended if the crisis has worsened, " - emphasizes the WTO.


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The WTO has lowered its forecast for growth in world trade for 2014 to 3, 1%
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