The World Trade Organization has forecast strong global trade growth this year but has warned that any further escalation in trade tensions between the United States and China could compromise those gains.The world trade in goods would grow 4.4 percent this year, above the post-financial-crisis average of 3 percent, the World Trade Organization said in its annual forecast on Thursday. But the global recovery might falter as a result of tit-for-tat restrictive trade measures, notably between the US and China. Robust recoveryLast year global trade grew 4.7 percent — the highest level in six years, the WTO said. Global trade grew at an average of 4.8 percent in the 1990s. The WTO expects trade growth to slightly ease in 2019 to 4 percent.

Source: Daily News Egypt April 12, 2018 14:03 UTC