WTO cuts world trade forecast by over 50%

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The World Trade organisation has halved its estimate for global exports growth this year - from 1.7% to just 0.8%. Ngozi Okonjo-Iweala, WTO director-general, said the projected slowdown was “cause for concern, because of the adverse implications for the living standards of people around the world”. (Picture: Glass globe representing international business and trade. Picture credit: Getty Images)