| From BBC: Global trade flows are set to shrink by 9% during 2009, according to a forecast by the World Trade Organization (WTO). Hardest hit will be developed nations, where trade is set to fall 10%. Poorer countries will see exports fall 2-3%.
The WTO blames the deepening recession for the downturn, but says trade could be "a potent tool" for recovery. It would be the biggest drop in trade since World War II, said WTO Director-General Pascal Lamy, who called on global leaders to fight protectionism.....Full Article: Source
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