WTO: Growing Downside Risks And Uncertainties For Global Economy

The World Trade Organization (WTO) said on Wednesday that downside risks and uncertainties for the global economy are now growing, global activity is slowing down, economic performance continues to be uneven across countries, high debt levels and financial volatility are rising, high unemployment levels persist in many countries, and confidence has fallen sharply recently.

“These risks are aggravated by perceptions in markets that governments’ responses to these challenges have been inadequate so far”, said the WTO in a recent report.