GENEVA (AP) — The World Trade Organization predicts global commerce will grow 5.3 percent next year, an improvement that would bring it back in line with its 1993-2013 historic average.

In its annual report released Monday, the Geneva-based WTO also forecast that world trade will rise by 4.7 percent this year. This is an increase of 0.2 percentage points compared with previous forecasts for 2014.