Global Alert on the Impact of Trade Restrictions on Economic Recovery



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In a G20 report, the World Trade Organization (WTO) warned that trade barriers created by major economies could jeopardize the recovery of the global economy, whose effects are already beginning to appear

. "This continued escalation is a serious threat to growth and recovery in all countries, and we are starting to see that this is reflected in some expectations of economic activity."

Azevedo did not give more details. Will grow in the second quarter at a slower pace than the first quarter.

The limit of the components of the indicator in the global air cargo data of IATA, which published its figures for the month of May Wednesday.

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IATA predicted that the global demand for air freight 4% in 2018, compared with 4.5% expected in December.

IATA Director General Alexander de Goniak said in a statement: "The unfavorable situation is being heightened by the growing trade differences between governments." We continue to anticipate growth. demand, but these new requirements are being penalized. "

The World Trade Organization (WTO) analysis showed that the G-20 countries imposed 39 new trade restrictions between the mid-1980s and mid-1990s. -October and mid-October. "This year, twice the restrictions imposed during the previous period, affected the trade in iron and steel, plastic products and vehicles

Azevedo believes that "the significant increase in new trade restrictive measures between G20 economies to the international community", adding that more restrictions were applied in the weeks following the end of the p period considered

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The WTO report does not mention any country, but since the beginning of this year the US President launched a series of

According to the report of the WTO, if the global economy "finally begins to generate a sustained economic momentum as a result of the global financial crisis, the uncertainty created by the proliferation of restrictive measures for trade could offer a recovery Economic threat. "

[Reuters]

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