World trade to grow 2.5% this year dragged down by Europe

Friday, September 21st 2012 - 16:42 UTC

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World trade will grow by a mere 2.5% this year, dragged down by Europe to less than half of the previous 20-year average, the World Trade Organization (WTO) said on Friday. WTO cut its estimate from a 2012 growth forecast of 3.7% in April and also lowered its growth forecast for 2013 to 4.5% from 5.6%. Read full article

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British_Kirchnerist
Austerity has made Europe a basket case and a burden on the world economy
Sep 25th, 2012 - 01:24 am - Link - Report abuse 0
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