WTO warns of global downturn if trade dispute escalates

WTO
World Trade Organozation. [Photo credit: PressTV]

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.

The WTO Director-General, Roberto Azevedo, warned on Wednesday that there 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.

“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.

(Reuters/NAN)


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