WTO says global trade rebounding, sees 2017 growth of 3.6 pct

Global trade is rebounding strongly, the World Trade Organization said on Thursday, with commerce expected to grow by 3.6 percent in 2017, well above last year`s figure of 1.3 percent and also up from the WTO`s April forecast of 2.4 percent.

The rapid acceleration was due to last year`s low base, a resurgence of Asian trade flows and recovering North American import demand. The pace will moderate next year and is estimated at 3.2 percent, within a range of 1.4-4.4 percent, the WTO said.

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