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Trade dispute: WTO warns of global downturn

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Wsj
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Trade dispute: WTO warns of global downturn

Unread postby Wsj » Wed Jun 13, 2018 12:18 pm

The World Trade Organisation (WTO) has warned that the trade conflict between the U.S. and other countries could negatively impact on global economy, if it intensifies.

The WTO Director-General Roberto Azevedo warned on Wednesday that there were indications that this was already happening.

When asked if there was a risk for the global economy, Azevedo told Business Daily Media: “Absolutely.

“If the trade dispute escalates, there is the risk of a global downturn, and we are already seeing signs that this downward process has already started.”

He said that it was crucial to maintain dialogue to avoid escalation.


credit: pm news
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World Trade Organisation (WTO)


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