{"id":10593,"date":"2019-10-02T15:30:07","date_gmt":"2019-10-02T10:00:07","guid":{"rendered":"http:\/\/factly.forumias.com\/?p=10593"},"modified":"2019-10-02T15:30:07","modified_gmt":"2019-10-02T10:00:07","slug":"wto-cuts-global-trade-growth-forecast-to-1-2-for-2019","status":"publish","type":"post","link":"https:\/\/forumias.com\/blog\/wto-cuts-global-trade-growth-forecast-to-1-2-for-2019\/","title":{"rendered":"WTO cuts global trade growth forecast to 1.2% for 2019"},"content":{"rendered":"\n<p><strong>News:<\/strong>The<strong> <\/strong>World Trade Organization(WTO) has reduced its global growth forecasts for 2019 to 1.2% from the earlier 2.6%.<br><\/p>\n\n\n\n<p><strong>Facts:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The trade forecasts has been reduced due to (a)downgrades on slower growth in major economies (b)trade wars and (c)ongoing uncertainty over Brexit.<\/li><li>It has also said that the job creation may also be affected as firms employ fewer workers to produce goods and services for export.<\/li><li>However,the WTO has also said that it expects growth in trade volumes to accelerate to 2.7% in 2020 but cautioned that any pick-up depends on a return to normal trade relations.<\/li><\/ul>\n\n\n\n<p><strong>Additional information:<\/strong><br><\/p>\n\n\n\n<p><strong>About WTO:<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>The World Trade Organization (WTO) is an intergovernmental organization that is concerned with the regulation of international trade between nations.<\/li><li>The WTO officially commenced in 1995 under the Marrakesh Agreement signed by 124 nations replacing the General Agreement on Tariffs and Trade (GATT).<\/li><li>Currently,it has 164 members and 22 observer governments with Afghanistan and Liberia being the latest to join.<\/li><\/ul>\n","protected":false},"excerpt":{"rendered":"<p>News:The World Trade Organization(WTO) has reduced its global growth forecasts for 2019 to 1.2% from the earlier 2.6%. Facts: The trade forecasts has been reduced due to (a)downgrades on slower growth in major economies (b)trade wars and (c)ongoing uncertainty over Brexit. It has also said that the job creation may also be affected as firms&hellip; <a class=\"more-link\" href=\"https:\/\/forumias.com\/blog\/wto-cuts-global-trade-growth-forecast-to-1-2-for-2019\/\">Continue reading <span class=\"screen-reader-text\">WTO cuts global trade growth forecast to 1.2% for 2019<\/span><\/a><\/p>\n","protected":false},"author":61,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":""},"categories":[3127],"tags":[3871,457],"class_list":["post-10593","post","type-post","status-publish","format-standard","hentry","category-economy","tag-global-trade-growth","tag-wto","entry"],"jetpack_featured_media_url":"","views":{"total":0,"cached_at":"","cached_date":1704890786},"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/10593","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/users\/61"}],"replies":[{"embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/comments?post=10593"}],"version-history":[{"count":0,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/posts\/10593\/revisions"}],"wp:attachment":[{"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/media?parent=10593"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/categories?post=10593"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forumias.com\/blog\/wp-json\/wp\/v2\/tags?post=10593"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}