May 20, 2019 / 1:21 PM / 4 months ago

WTO quarterly trade growth indicator remains at nine-year low

FILE PHOTO: A logo is pictured outside the World Trade Organization (WTO) headquarters next to a red traffic light in Geneva, Switzerland, October 2, 2018. REUTERS/Denis Balibouse/File Photo

GENEVA (Reuters) - The World Trade Organization’s quarterly outlook indicator showed on Monday that global goods trade growth was likely to remain weak, with a reading of 96.3, unchanged from February, the lowest since 2010.

“The outlook for trade could worsen further if heightened trade tensions are not resolved or if macroeconomic policy fails to adjust to changing circumstances,” the WTO said, adding that the latest indicator did not reflect major trade moves in the last few days.

Reporting by Tom Miles; Editing by Toby Chopra

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