World Trade Organization headquarters in Geneva. REUTERS
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World trade will grow by 2.8 percent this year and could fall back further by a U.S. interest rate rise, China's economic slowdown or Europe's refugee crisis, the World Trade Organization said Wednesday.The WTO's forecast implies growth will quicken this year, from 2.5 percent growth in 2014 . The Chinese slowdown already caused the WTO to cut its 2015 forecast for growth in Asian imports to 2.6 percent, down from a 5.1 percent projection in April, and Asian exports to 3.1 percent from the previous 5.0 percent forecast.
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