WTO Downgrades Trade Growth Forecast For 2012-13
The world body lowered its projected growth for 2012 from 3.7 percent to 2.5 percent, and scaled back its 2013 estimate from 5.6 percent to 4.5 percent. Total trade expansion is measured by averaging the global growth in import and export activity.
In announcing the new forecast, WTO Director-General Pascal Lamy praised recent...
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