WTO slashes global trade growth prediction

The video discusses the current crisis in world trade, highlighting the role of protectionism and regulatory barriers. The WTO and IMF report weak trade growth and a decline in free trade deals. The UK's post-Brexit trade prospects are uncertain in a world less open to free trade. Economic growth, particularly in China and emerging economies, is a key factor affecting global trade dynamics.

What is one of the main factors contributing to the current crisis in world trade?

• Growth in international tourism

• Increased global cooperation

• Rise in protectionism

• Decrease in technology use

How do US food regulations impact exporters like smoked salmon producers?

• They simplify the export process

• They reduce costs and time

• They require different treatment for American exports

• They eliminate the need for tariffs

According to the WTO, what is the expected growth rate of world trade this year?

• 2.8%

• 4.0%

• 3.5%

• 1.7%

What challenge does the UK face in a post-Brexit world regarding trade?

• Difficulty in diversifying its trade

• A world more receptive to free trade

• Increased demand for UK products

• Easier access to European markets

What is the main reason for weak trade according to the IMF?

• High demand for exports

• Increase in global trade agreements

• Weak economic growth in emerging economies

• Strong economic growth in China