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WTO warns of global downturn if trade dispute escalates



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)