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WTO suggests moderate global trade growth in Q4
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IANS | 14 Nov, 2017
The latest World Trade Outlook
Indicator suggests global merchandise trade growth is likely to be
moderate in the fourth quarter of 2017, the World Trade Organization
(WTO) has said.
The latest reading of 102.2 is slightly lower
than that issued in August, which pointed to a continuing recovery of
trade in the second and third quarters, said the WTO in a statement on
Monday, Xinhua reported.
Readings of 100 indicate growth in line
with medium-term trends, readings greater than 100 suggest above trend
growth, while those below 100 indicate the reverse.
Global export
orders remain above trend but has turned downward recently, suggesting
that trade growth will moderate but remain fairly strong in the coming
months, said the WTO.
The indices for international air freight
and container shipping have lost upward momentum, pointing to
decelerating trade growth, while automobile production and sales show
signs of having bottomed out, which could indicate strengthening
consumer confidence, it added.
The WTO said the outlook indicator
is not intended as a short-term forecast, although it does provide an
indication of trade growth in the near future. Its main contribution is
to identify turning points and gauge momentum in global trade growth.
It said the indicator complements trade statistics and forecasts from the WTO and other international organisations.
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Customs Exchange Rates |
Currency |
Import |
Export |
US Dollar
|
66.20
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64.50 |
UK Pound
|
87.50
|
84.65 |
Euro
|
78.25
|
75.65 |
Japanese
Yen |
58.85 |
56.85 |
As on 13 Aug, 2022 |
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