Replies to post #11814 on The Rising Influence of Rising Affluence

[DewDiligence]

WTO cuts 2016&2017 global-GDP-growth forecasts to 1.7% and 1.8%, respectively (down from 2.8% and 3.6% six months ago):

http://www.wsj.com/articles/world-trade-seen-growing-at-weakest-pace-since-financial-crises-1474965904

The WTO said the cut in its forecast was a response to weak trade growth in China, Brazil and North America during the first six months of the year. According to its figures, trade in goods fell 1.1% in the first three months of 2016, and while there was a rebound in the three months to June, it was “smaller than anticipated” at just 0.3%.