Trade
Global Trade Growth Poised for Third-Quarter Rebound, WTO Says
- Trade flows show surging auto exports in Japan, China
- Annual trade growth of 1.7% is still possible, WTO says
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Global trade volumes will grow at a “moderate pace” in the third quarter of the year, continuing the uptick from the prior period after two quarters of decline, the World Trade Organization said.
The WTO’s periodic goods barometer jumped to 99.1 from the previous reading of 95.6 announced in May, the Geneva-based organization said in a report published Thursday. The baseline of 100 indicates growth over the next quarter that’s in line with medium-term trends.