Article source
BBC
Article date
Sun, Nov 8, 2015
Article link
A "deeply concerning" slowdown in trade, particularly with China, will lead to lower global economic growth this year, says the Organisation for Economic Co-operation and Development.
Global GDP is now expected to grow by 2.9%, down from 3% forecast in September, but will hit 3.3% in 2016.
The OECD said trade had dropped to levels perilously close to those "associated with global recession".
Worldwide trade growth is forecast at 2% this year, down from 3.4% in 2014.
Catherine Mann, the OECD chief economist, said: "This is deeply concerning. Robust trade and global growth go hand in hand."