WTO cuts 2016 world trade growth forecast to 2.8 percent :

Global Growth will come to 8 percent this year, lower than a previous forecast of 3.9 percent, the World Trade Organization forecast.

• Genva based World trade organisation forecasts are based on economic growth of 2.4 percent in 2016 and 2.7 percent in 2017.
• Trade islikely to rise to 3.6 percent in 2017, breaking through 3.0 percent for the first time in six years.
• However WTO has repeatedly revised preliminary estimates over the past five years as predictions of economic recovery prove overly optimistic.

WTO:
The World Trade Organization is an intergovernmental organization which regulates international trade.

• HQ: Geneva, Switzerland
• Founded: 1995