Asia Trade in the New Global Order

US-China trade war affecting investment sentiment: WTO official

Dr Robert Koopman, World Trade Organisation chief economist and director for economic research and statistics, said that 2019 is looking less promising than this year, with significant downside risks.
Dr Robert Koopman, World Trade Organisation chief economist and director for economic research and statistics, said that 2019 is looking less promising than this year, with significant downside risks.ST PHOTO: DESMOND FOO

The trade dispute between the United States and China, together with global uncertainties, is beginning to impinge on investment sentiments, said a leading trade official.

The World Trade Organisation (WTO) has downgraded its projection for global trade growth from 4.4 per cent to 3.9 per cent for this year, and prospects for next year are down a bit, said Dr Robert Koopman, its chief economist and director for economic research and statistics.

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A version of this article appeared in the print edition of The Straits Times on November 23, 2018, with the headline 'US-China trade war affecting investment sentiment: WTO official'. Print Edition | Subscribe