World Trade Organisation expects trade growth to modestly
rebound to 4.5% in 2013 with exports of developed and developing
economies increasing by 3.3% and 5.7%, respectively and imports
increasing by 3.4% and 6.1%, WTO Director-General Pascal Lamy.
New threats to food security are growing and questions about how to effectively address climate change remain. Just last month the WTO revised downwards its projections for trade growth in volumes from the Spring forecast of 3.7 per cent growth to 2.5 per cent which is a larger than expected downgrade.
There have been some recent positive signals regarding measures to reinforce the euro and boost growth in the United States but the fact remains that the European sovereign debt crisis has not yet retreated and this continues to have implications for fiscal adjustment in the peripheral euro area economies and in the developing country markets, particularly those in Africa, given their strong trade links with Europe.
Given that China is the world’s largest exporter this has far reaching implications for the global economic landscape. Even though it is expected that trade growth will rebound in the coming year. [ Via ]
New threats to food security are growing and questions about how to effectively address climate change remain. Just last month the WTO revised downwards its projections for trade growth in volumes from the Spring forecast of 3.7 per cent growth to 2.5 per cent which is a larger than expected downgrade.
There have been some recent positive signals regarding measures to reinforce the euro and boost growth in the United States but the fact remains that the European sovereign debt crisis has not yet retreated and this continues to have implications for fiscal adjustment in the peripheral euro area economies and in the developing country markets, particularly those in Africa, given their strong trade links with Europe.
Given that China is the world’s largest exporter this has far reaching implications for the global economic landscape. Even though it is expected that trade growth will rebound in the coming year. [ Via ]
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