The strong rate of global trade expansion is likely to continue and slow slightly in the second quarter of 2018, the latest Economic Outlook Indicator said. World Trade Outlook (WTOI) announced this Thursday (17.5.2018) by the World Trade Organization (WTO).
"The current WTOI value of 101,8 remains above the index's baseline value of 100, but below the previous value of 102,3, suggesting continued strong trade growth in the second quarter of 2018, but likely at a slower pace than in the first quarter," the WTO said.
The WTO said that The latest results are generally in line with the WTO's most recent trade forecast issued in April., which predicted a moderation in merchandise trade volume growth from 4,7% in 2017 to 4,4% in 2018.
The agency also noted that its indicator is "designed to provide real-time information on the trajectory of world trade relative to recent trends," but that "the WTOI does not seek to make short-term forecasts."
It provides an indication of business growth in the near future, he said.
"Its main contribution is to identify decisive moments and measure the momentum of global commercial growth."the WTO said.
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