| World trade is expected to grow 2.5% in 2013 and 4.5% in 2014 as against earlier estimates fo 3.3% and 5% in 2013 and 2014 respectively, according to World Trade Organisation (WTO).
Import demand from developing countries is gaining but at a slower pace and hence the lower growth forecast compared to previous one made in April, WTO added. “There is a message for the WTO in this,” said WTO Director General Roberto Azevędo. “The past two years of sluggish trade growth reinforce the need to make progress in the multilateral negotiations.............................................Full Article: Source |