Global trade growth may continue to slow in the second quarter of this year, according to the latest global trade climate index released by the world trade organization (wto) Tuesday.
The global trade sentiment index was 96.3 in the second quarter, unchanged from the previous quarter and the lowest since March 2010, the report said.
The quarterly update of the global trade sentiment index at 100 indicates that trade growth is in line with medium-term trend expectations.A reading above 100 indicates that trade grew more than expected in the quarter, and a reading below that level.
Under the influence of international trade tensions and increased economic uncertainty, the wto in April sharply lowered its global trade growth forecast for this year from the previous 3.7% to 2.6%, and predicted that if future trade tensions ease, global trade growth is expected to pick up to 3.0% in 2020.
The wto first published the global trade climate index in July 2016. By collecting trade statistics of major economies, it provides early signals on the short-term development trend of current world trade and provides more timely international trade information for trade policy makers and the business community.