As hostility towards globalization and trade integration gain ground in Europe and in the US Presidential debates, the World Trade Organisation (WTO) this week slashed the outlook for trade growth by one-third. The WTO has announced that world trade will grow this year at the slowest pace since the financial crisis and the great recession that followed. The estimate for 2016 trade growth was cut to just 1.7% from 2.8% from earlier this year – the weakest number since 2009. The estimate for 2017 was cut to between 1.8 – 3.1%, down from the earlier estimate of 3.6%. The organization argues that anti-globalisation rhetoric and Brexit are key factors driving this bleak outlook.