Responding to the sliding merchandise exports growth of -6.57 percent with $26.03 bn during September 2019, FIEO President, Sharad Kumar Saraf said that declining trend in exports does not augur well for the overall growth of the economy. Escalating trade tensions that has unsettled the slowing world economy have also led WTO to sharply cut their trade forecasts for both 2019 and 2020 to 1.2 and 2.7 respectively added FIEO President. The downside risks still remain high in the global economy and the projection for 2020 depends on a return to more normal trade relations said Saraf.