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Global markets: WTO releases 2017 trade forecast

By Commodity News Service Canada

WINNIPEG, April 12 – The following is a glance at the news moving markets globally.

– Global trade is expected to advance 2.4 per cent in 2017, a recent projection from the World Trade Organization (WTO) said on Wednesday.

The WTO’s report noted a high level of economic and policy uncertainty, and the 2.4 per cent growth is within a range of 1.8 per cent to 3.6 per cent.

“Hitting the 2.4 per cent forecast assumes that governments pursue an appropriate mix of policies and that GDP forecasts will be accurate,” said the WTO’s director general Roberto Azevêdo, in remarks published online.

– Last month US import prices saw their largest fall in seven months, reports out of the country say.

Import prices dropped 0.2 per cent in March, data says.

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