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Supply Chain

WTO Sees Signs Of Trade Tensions Starting To Affect Global Economy

By Steve Wynne-Jones
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Trade barriers being erected by major economies could jeopardise the global economic recovery and their effects are already starting to show, the World Trade Organization said in a report on trade restrictions among G20 nations.

"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," WTO Director General Roberto Azevedo said in a statement.

He did not elaborate, but in May the WTO's quarterly trade outlook indicator suggested trade would grow slower in the second quarter than in the first.

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