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WTO warns of global downturn if trade dispute escalates

NAN

The World Trade Organisation (WTO) has warned that the trade conflict between the US and other countries could negatively impact on global economy, if it intensifies.

WTO Director-General, Roberto Azevedo, warned on Wednesday, that there were indications that this was already happening.

When asked if there was a risk for the global economy, Azevedo told Business Daily Media: “Absolutely.

“If the trade dispute escalates, there is the risk of a global downturn, and we are already seeing signs that this downward process has already started.”

He said that it was crucial to maintain dialogue to avoid escalation.

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1 Comment

  1. Ezekiel Okeke 13th June 2018 at 10:31 am

    WTO of 20th century world international order is dead and gone forever. This is 21st century world international order which has Southern Countries Union- SCU which comprises Asia, Africa, South America and parts of Europe, which will have trade relations with union of EU countries etc. This is 21st century world international order. 20th century world international order is dead and gone forever. God Is With Us!!!

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