World trade expected to grow 4.7% this year and 5.3% in 2015, says WTO

Monday, April 14th 2014 - 15:50 UTC

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World trade is expected to grow by a modest 4.7% in 2014 and at a slightly faster rate of 5.3% in 2015 World Trade Organization economists announced on Monday. The 4.7% forecast is more than double the 2.1% increase of last year, but remains below the 20-year average of 5.3%. For the past two years, growth has averaged only 2.2%. Read full article

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ChrisR
“For the past two years, growth has averaged only 2.2%.”

But we are to believe it will be 4.7%.

The Liar Mantega hasn’t had a hand in this has he; it looks like his type of forecast?

We will see.
Apr 14th, 2014 - 06:50 pm - Link - Report abuse 0
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