The World Trade Organisation (WTO) has warned that the trade conflict
between the U.S. and other countries could negatively impact on global economy,
if it intensifies.
between the U.S. and other countries could negatively impact on global economy,
if it intensifies.
The WTO Director-General, Roberto Azevedo, warned on Wednesday that there
were indications that this was already happening.
were indications that this was already happening.
When asked if there was a risk for the global economy, Mr Azevedo told
Business Daily Media: “Absolutely.
Business Daily Media: “Absolutely.
“If the trade dispute escalates, there is the risk of a global downturn, and
we are already seeing signs that this downward process has already started.”
we are already seeing signs that this downward process has already started.”
He said that it was crucial to maintain dialogue to avoid escalation.
(Reuters/NAN)
