WTO Warns Of Economic Fallout From Trade Disputes As Exports Plunge

The video discusses the global trade slowdown due to the US-China trade war, Brexit, and declining factory orders. The WTO has downgraded its trade growth forecast, highlighting the weakest growth since the 2008 financial crisis. Trade disputes have led to reduced imports and exports between the US and China, and economic activity in Europe is declining. The WTO emphasizes resolving trade disagreements to improve global economic well-being. Data from IHS Market shows a decline in export orders and economic contractions in several countries. Despite a bleak outlook, the WTO predicts slight trade growth next year.

What was the revised WTO forecast for merchandise trade growth in 2019?

• 3.0%

• 1.2%

• 2.6%

• 4.5%

Which region's economic activity is mentioned as sputtering due to trade disputes?

• North America

• Europe

• Asia

• Africa

What is the impact of trade conflicts on business investments?

• Immediate investments

• No impact

• Delayed investments

• Increased investments

Which countries are mentioned as experiencing economic declines?

• France, Italy, Spain, Portugal

• India, China, Australia, New Zealand

• USA, Canada, Mexico, Brazil

• Japan, South Korea, Indonesia, Malaysia

What is the WTO's predicted trade growth for the next year?

• 3.5%

• 2.7%

• 1.5%

• 4.0%