Tuesday, September 27, 2016

WTO: 'Dramatic Slowing' In Global Ponzi Scheme

"...the World Trade Organization dramatically slashed its forecast for trade growth this year by about a third to its lowest rate since 2009"

"The Geneva-based WTO, perhaps best known for dealing with trade disputes, predicted that global trade will rise only 1.7 percent this year, way down from its April prediction for 2.8 percent."

"If the WTO's forecast comes true, it will be the first time in 15 years that global trade grows more slowly than the world economy, which it expects to expand by 2.2 percent."

"As well as reducing its 2016 forecast, the WTO cut its project for next year to between 1.8 percent and 3.1 percent from 3.6 percent."

Global Merchandise Exports ($billions) with Global Dow
Data through 2015: from WTO Statistics Database