WTO predicts world trade to be strong

World Trade Organization (WTO) predicts world trade to be stronger than ever. The update forecasted the WTO report this year (2017) that global trade growth could be 3.6 percent. Forecasted to be 2.4 percent in April. Recently, the updated report mentions that the demand for North America, including Asia's growth in the trade momentum, has increased significantly over a year. As a result, the world will move faster than the business concept. However, considering the various risks in the previous report, WTO noted that in the year 2017, global trade growth could be between 1 to 8 to 3.1 percent.

Roberto Ezvedo, the director of the company, welcomes the new forecast. Again warned that there are still concerns about global trade. Policy changes in different countries and geopolitics can hinder this trend in the protection of domestic trade. He also expressed fears that natural disasters could obstruct the world trade. It is difficult to measure these risks, but real.

Worldwide gross domestic product (GDP) growth is expected to be 2.8 in 2016, to 2.8 in the year 2017. As a result, if the growth is increased, the trade speed will also increase. WTO is expected. Especially in China and the United States, the domestic demand has increased. This kind of demand will accelerate the pace of Asia's trade in growth. In the first half of this year, internal demand in China increased by 6.5 percent. It can be 7.7 percent at the end of the year. On the other hand, business confidence in Asia has increased this year compared to the year. This will have a positive impact on trade and consumer levels.

The report mentions that this year, the price of fuel oil has been somewhat elevated worldwide, so the United States hopes to increase investment in the energy sector. WTO is hoping for strong growth in the world trade in coming 2016. Of course, some of the reasons have also been mentioned. First, the pace of trade is also good in the year 2018, which is the year of growth for the year. Second, the developed world can retain their financial policies. Thirdly, the financial sector is expected to expand, especially in China's financial market expansion. As a result, the growth in world trade in 2018 has been projected to be 3.2 percent.