Global trade growth forecast raised to 4.7% for 2014: WTO

Global trade growth forecast raised to 4.7% for 2014: WTO

Global commerce is set to grow by 4.7 percent this year, the World Trade Organization said on Monday, as a recovery in rich economies is expected to help balance out risks in developing nations.

A container ship unloads on July 1, 2005 at the P and O Central Terminal in the Port of Vancouver

The WTO previously had forecast that trade would expand by 4.5 percent in 2014, up from an estimated rate of 2.1 percent the previous year.

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