Drop in WTO’s quarterly trade growth indicator
WTO’s quarterly outlook indicator recorded a lower reading of 95.7, showed that growth in global goods trade is likely to weaken in the coming months. Anything below 100 on the scale indicates that there has been a below-trend growth. The indicator is made up of 7 indicators. International air freight andelectronic components indices have declined from their previous levels, while automobile production and sales, and agricultural raw materials seem to have bottomed out.
In its previous quarterly estimate released in May’18, the WTO said that growth was likely to remain weak, with a reading of 96.3.