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Global Trade Growth May Amount to 2.4% in 2017 - WTO Head

© AP Photo / Salvatore Di NolfiDelegates speak in front of the headquarters of the World Trade Organization, WTO, after the first day session of the World Trade Organization, in Geneva, Switzerland (File)
Delegates speak in front of the headquarters of the World Trade Organization, WTO, after the first day session of the World Trade Organization, in Geneva, Switzerland (File) - Sputnik International
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The global trade may grow by 2.4 percent in 2017, which is 1.1 percent more than in 2016, Director-General of the World Trade Organization (WTO) Roberto Azevedo said on Tuesday.

A person gets out of the World Trade Organization (WTO) headquarter in Geneva (File) - Sputnik International
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SAO PAULO (Sputnik) — "In 2016, the global trade growth amounted to about 1.3 percent. That is the lowest growth since the global financial crisis in 2008. The situation improved in 2017, we expect a 2.4-percent growth," Azevedo said at the International Poultry and Pork Show.

The WTO chief pointed out that despite the increased growth, the figure would be still below 3 percent — for the sixth consecutive year.

"That is an unprecedented situation since the end of World War II," Azevedo noted.

The WTO director-general added that the economic problems were accompanied by important political challenges such as the rise of anti-global sentiments, especially in the developed countries.

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