WTO cuts 2012 global trade growth forecast

Monday, 24 September 2012 00:00 - - {{hitsCtrl.values.hits}}

Reuters: 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 said on Friday.

The estimate was a revision of the WTO’s previous 2012 growth forecast of 3.7%, which it made in April. It also forecast trade would expand by 4.5% in 2013, revised down from 5.6%. “I see the risk more on the downside than the upside,” WTO Director General Pascal Lamy said at a press conference in Singapore.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.