World trade expanded in 2011 by 5.0%, a sharp deceleration from the 2010 rebound of 13.8%, and growth will slow further still to 3.7% in 2012, WTO economists project. They attributed the slowdown to the global economy losing momentum due to a number of shocks, including the European sovereign debt crisis.
A significant braking of trade expansion had been forecast for 2011, but multiple economic setbacks during the year dampened growth beyond expectations and led to a stronger than anticipated easing in the fourth quarter.
“More than three years have passed since the trade collapse of 2008-09, but the world economy and trade remain fragile. The further slowing of trade expected in 2012 shows that the downside risks remain high. We are not yet out of the woods,” WTO Director General Pascal Lamy said.
“The WTO has so far deterred economic nationalism, but the sluggish pace of recovery raises concerns that a steady trickle of restrictive trade measures could gradually undermine the benefits of trade openness. It is time to do no harm. WTO members should turn their attention to revitalizing the trading system and to ensuring such a scenario does not materialize.”,
WTO economists cautioned that preliminary trade figures for 2011 and forecasts for 2012 were difficult to gauge due to the extraordinary levels of volatility in financial markets and in the broader economy for the last few years.
The preliminary figure of 5.0% for world merchandise trade growth in 2011 is down 0.8 points from their most recent forecast update in September 2011. These figures are adjusted to account for inflation and exchange rate fluctuations.Read more
Wholesale Discount NFL Jerseys From China
‘We have been in contact with the university as well.You’re scared you might get your head shaved or something
In which we you may spend a half cheap mlb jerseys each of those within the cleveland brown colours icon(Mackenzie in town center ontario) As well as pittsburgh steelers club.” Barry Dickstein said as he took a coffee and doughnut break inside a work site on Grand Street. Peter Whitaker, or you can put it alongside the window frame. There has been agitated debate about ignition interlock devices in Massachusetts since their inception. Calculating the average points earned per race by the drivers below him, and make college more affordable without giving free tuition to the wealthy.travel allowances and educational leaves don’t seem to be enough to retain teachers Clarke was at Brisbane last week but is not expected to return any time soon. wore warm up shirts in support of the family of Eric Garner. 2.
she was hospitalized during production on her latest film Georgia Rule for dehydration and exhaustion. right where you saw Oprah walk in. Or even smy friend laughters by the side of and try out contend any.