The WTO has cut its forecast for trade growth in 2017 to 2.4% from 2.45% in its September report. Yet, it has widened its level of forecast uncertainty – due to changing trade policies – by increasing its “best case” forecast by 0.5% points to 3.6%. The biggest cut to its base-case forecast came from south and central America. That came despite accelerating growth seen in Brazilian trade in the first quarter. The outlook for the U.S. and Europe were increased, backed by improving export manager surveys. The initial forecast for 2018 is that trade growth will continue to accelerate, by...