In addition,
Wto improves its forecast global:
Keystone-SDA
The World Trade Organization (WTO) anticipates an increase in global trade of 0.9% for this year, better than expected in April. Therefore, Due to Donald Trump’s customs duties, American imports jumped in the first quarter. Moreover, – Wto improves its forecast global
(Keystone-ATS) And they price 11% in the first half compared to the same period last year, the organization said on Friday in Geneva. American companies rushed to the goods of their foreign partners with the uncertainty linked to the wto improves its forecast global situation after the. three -month break on the prices decreed by the American president.
“Global trade has shown solidity” in the face of disruptions, “including recent customs rights increases,” said OMC OMC Okonjo-Iweala. “The entire impact of recent tariff measures has not yet taken place,” said she.
In April. in the middle of the trade war between the United States and China, the WTO spoke of a contraction of 0.2% of world trade for this year. A corrective effect due to the new prices is however expected for the second half.
The truce between Washington and Beijing and certain exceptions contribute positively. However, new customs duties entered into force Thursday will affect imports in the United States more. These should go back 8.3%.
Asia in first place
And the situation is now mostly difficult for next year, according to WTO economists. The increase should be 1.8%, compared to 2.5% earlier.
Another explanation for this year, wto improves its forecast global the global economic situation is more favorable. Dollar depreciation should facilitate conditions for developing countries. And the fall in oil prices should support growth in industrialized economies. even if it should decrease the demand for imports in the oil regions.
By region, Asia will continue to bring world trade with exports increasing 4.9% and imports that will increase by 3.3%. European exports should decrease by 0.9%.
wto improves its forecast global — Wto improves its forecast global: Keystone-SDA The World Trade Organization (WTO) anticipates. an increase in global trade of 0.9% for this year, bett.
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