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Wednesday, April 13, 2016

Global trade declines 13% to $16.5 trillion in 2015

http://www.livemint.com/Politics/t5GR5PqKbFLGt7K404LQ8L/In-2015-global-trade-declined-13-to-165-trillion-in-valu.html..

Global trade tumbled 13% last year to $16.5 trillion in value terms, from $19 trillion in 2014, wreaking havoc on commodity producers, particularly vulnerable developing countries.
In volume terms, global trade remained flat in 2015. It is expected to grow by 2.8% this year and 3.6% next year, subject to several downside risks, according to the World Trade Organization’s (WTO’s) trade figures released on Thursday.
The risks include the slowing Chinese economy, continued volatility in the financial market, and persisting negative business sentiment.

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