WTO: Uptick of trade restrictions threaten global growth

The Hill , Jul 5, 2018
by NIV ELIS

The number of new trade restrictions among the world’s top economies has doubled in just six months, according to a report from the World Trade Organization, a trend the organization’s leader said was hurting global economic growth.

“This continued escalation poses a serious threat to growth and recovery in all countries, and we are beginning to see this reflected in some forward-looking indicators,” said WTO Director-General Roberto Azevêdo.

The WTO report says that between mid-October 2017 and mid-May 2018, countries in the G20 group of large economies imposed 39 new trade restrictions, a figure that was twice as much as the previous period.

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