Europe's Dismal Economy Will Slow Trade Growth, WTO Says

Law360, New York (April 10, 2013, 2:19 PM EDT) -- The World Trade Organization said Wednesday it expects trade in 2013 to grow at a rate significantly slower than the average over the past two decades, in part because of the economic slowdown currently plaguing Europe.

WTO economists predicted the growth rate for world trade to be about 3.3 percent in 2013, slightly up from the 2 percent growth in 2012 but “well below” the average of 6 percent growth between 2000 and 2008, the years leading up to the global economic downturn, the WTO said...
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