World trade in goods is estimated to grow at a higher.....in 2017 compared to 1.6 percent increase in 2016, according to revised estimates circulated by the World Trade Organisation.

BANKING GENERAL KNOWLEDGE

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Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]

World trade in goods is estimated to grow at a higher____in 2017 compared to 1.6 percent increase in 2016, according to revised estimates circulated by the World Trade Organisation.

A	2.4 percent
B	4.1 percent
C	1.8 percent
D	3.6 percent

Explanation:

Detailed explanation-1: -World merchandise exports were valued at US$ 15.46 trillion in 2016, down 3.3 per cent from the previous year. The pace of contraction was slower than in 2015, when export values fell 13.5 per cent due to strong appreciation of the US dollar and a plunge in oil prices.

Detailed explanation-2: -Development Indicators 2016 Trade balance in current US$ was-40, 526.00 million. Trade as percentage of GDP was 40.08 . Trade in services as percentage of GDP was 11.23 .

Detailed explanation-3: -According to data published by Teletrac Navman, cars were the most traded item in 2016, accounting for 4.9 percent of global trade and a market value of $1.35 trillion. Germany was the world’s top car exporter that year ($150 billion) while the U.S. was the top importer ($173 billion).

Detailed explanation-4: -As of 2021, world trade volume and value have expanded 4% and 6% respectively on average since 1995, when the WTO was first established.

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