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August 14, 2018
WTO says trade momentum will weaken in third quarter of 2018
The World Trade Organization's (WTO) latest trade indicator data indicates that global trade expansion will likely slow further in the third quarter of 2018.
The indicator's most recent reading of 100.3 is below the previous value of 101.8 and just above the baseline value of 100 for the index, signalling an easing of trade growth in the coming months in line with medium-term trends.
According to the international organization, this loss of momentum reflects weakness in component indices including export orders and automobile production and sales, which may be responding to the ratcheting up of trade tensions.
The latest results remain broadly in line with the WTO's most recent trade forecast issued in April, which predicted a slowing of merchandise trade volume growth from 4.7% in 2017 to 4.4% in 2018. Rising trade tensions continue to pose risks to the trade forecast.
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