The WTO Predicts Upturn in World Trade in 2014

Global trade is expected to pick up in 2014 after two years of decline, according to the World Trade Organization.

The Organization, based in Geneva, predicts a trade growth of 4.7%, more than double from the previous year.

But he warned that only in 2015 will global trade return to the average level of the past two decades.

Analysts point out that the forecast is another sign that the global economy is recovering, after the financial crisis that began in 2008.