WTO lowers its global growth forecast significantly

The WTO has once again lowered its expectations for global growth. Next week the IMF will present its projections, which the IMF head indicates will also be lower. New customs tariffs between the US and China as well as uncertainty surrounding Brexit are key factors.

Photo: Ritzau Scanpix/Michael Kooren

China and the US are exchanging new customs tariffs. The EU and the UK will perhaps divorce without a plan for the future. There are plenty of things causing concerns for the World Trade Organization, WTO.

On Tuesday, the WTO again lowered its expectations for global growth in 2019.

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