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WTO report: International trade losing momentum amid 'trade tensions'

August 09, 2018 at 10:57 AM
The latest “ World Trade Outlook Indicator ,” released by the World Trade Organization on Thursday, predicts a slowing of trade growth in the third quarter of 2018 amid “trade tensions.” Specifically, the indicator reading was 100.3, just barely above the baseline value of 100. The previous reading in mid-Maywas 101.8, itself down from 102.3 in February. “This loss of momentum reflects weakness in component indices including export orders and automobile production and sales, which may be responding to the...

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