• TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
Sunday, July 6, 2025
Kashmir Images - Latest News Update
Epaper
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER
No Result
View All Result
Kashmir Images - Latest News Update
No Result
View All Result
Home BUSINESS

Global tensions to force trade slowdown in 2019: WTO

Images News Netwok by Images News Netwok
April 3, 2019
in BUSINESS
A A
0
Breakdown in trade relations among major players could threaten ongoing economic expansion : WTO
FacebookTwitterWhatsapp

Geneva, Apr 2 :  Global trade growth is expected to be lower in 2019 than it was last year, the World Trade Organisation forecast on Tuesday, citing widespread “tensions” and economic uncertainty.

The WTO had in its preliminary estimates predicted a 3.7 per cent expansion of trade for this year, but has revised that down to 2.6 per cent, marking a decline on the three-percent growth recorded in 2018.

Related posts

Centre will consider revoking AFSPA, pulling back troops from Jammu and Kashmir: Amit Shah

India’s first national cooperative university will end nepotism in sector, training vacuum: Shah

July 5, 2025

Number of poor rising, wealth getting concentrated in hands of some rich: Gadkari

July 5, 2025

“The fact that we don’t have great news today should surprise no one who has been reading the papers over the last 12 months,” WTO director-general Roberto Azevedo told reporters in Geneva.

In its main annual forecast, the 164-member WTO renewed its concerns about systemic threats that could continue to disrupt the world’s economy, notably retaliatory tariffs between China and the United States.

There are indications that ongoing talks between Washington and Beijing could resolve the bruising tariff battle, but timelines for a possible deal are not clear.

Asked if he saw either side emerging victorious in the trade spat between the world’s two largest economies, Azevedo said “there will be many losers.” It was therefore becoming “increasingly urgent” that tensions are resolved, he added in a statement.

The projections released Tuesday are based on a “relatively smooth” Brexit playing out over the next two years, WTO economist Coleman Nee told reporters.

Britain leaving the European Union without a withdrawal agreement, or the various other possible Brexit scenarios that remain in play, will impact global trade, Nee added.

“The situation is so fluid. We will have to wait and see what the final outcome is,” before fully understanding Brexit’s influence on world trade, Nee further said.

 

Previous Post

Governance in reverse gear when Congress is in power: Modi

Next Post

Every time NC comes to power, JK’s special status gets grievous blows: PDP

Images News Netwok

Images News Netwok

Next Post
New Delhi repeating 1953 in Kashmir: PDP

Every time NC comes to power, JK’s special status gets grievous blows: PDP

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

ePaper

  • About us
  • Contact us
  • Our team
  • Terms of Service
E-Mailus: [email protected]

© 2024 Kashmir Images - Designed by GITS.

No Result
View All Result
  • TOP NEWS
  • CITY & TOWNS
  • LOCAL
  • BUSINESS
  • NATION
  • WORLD
  • SPORTS
  • OPINION
    • EDITORIAL
    • ON HERITAGE
    • CREATIVE BEATS
    • INTERALIA
    • WIDE ANGLE
    • OTHER VIEW
    • ART SPACE
  • Photo Gallery
  • CARTOON
  • EPAPER

© 2024 Kashmir Images - Designed by GITS.