WTO cuts 2013 global trade growth forecast to 3.3%


GENEVA: Global commerce is set to grow by 3.3 percent this year, the World Trade Organisation said on Wednesday, as persistent gloom in Europe led it to cut a previous forecast of 4.5 percent.

The announcement marked the second time that the WTO has reined in its figures for 2013, after initially estimating that world trade would expand by 5.6 percent.

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