WTO forecasts slowing world growth

City A.M. Reporter
World trade growth will slow for a second year to 3.7 per cent in 2012 but "severe" downside risks could drive it further below the 20-year average of 5.4 per cent, the World Trade Organization forecast on Thursday.

Trade growth slowed to 5 per cent in 2011 from 13.8 percent in 2010, and is provisionally expected to rebound to 5.6 per cent in 2013. The figure for 2011 was worse than a provisional forecast of 5.8 per cent issued in September.