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Trade Conflict Will Impact Global Economy Negatively – WTO



Leadership Nigeria News Today

The World Trade Organisation (WTO) on Wednesday warned that the trade conflict between the U.S. and other countries could negatively impact on global economy, if it intensifies.
WTO director-general, Roberto Azevedo, said there were indications that this was already happening.
When asked if there was a risk for the global economy, Azevedo said, “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.” He said that it was crucial to maintain dialogue to avoid escalation.


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