WTO says global trade to improve in next two years

Article source
Los Angeles Times

After a two-year slump, global commerce is expected to pick up in the next two years, one report says.

World trade is forecasted to grow by 4.7% this year and 5.3% in 2015, buoyed by continual improvement in the economies of many countries, the World Trade Organization said in its annual report.

That will be an improvement on the past two years when global trade growth averaged a weak 2.2%, the report said, but still below the 20-year average of 5.3% growth.

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