WTO: World Trade Report 2010 - World Trade Organization

world trade report 2010
I The trade situation
in 2009-10
The economic and financial crisis that shook
the world economy in the closing months of
2008 produced a global recession in 2009 that
resulted in the largest decline in world trade in
more than 70 years. The rate of trade growth
had already slowed from 6.4 per cent in 2007
to 2.1 per cent in 2008, but the 12.2 per cent
contraction in 2009 was without precedent in
recent history. The WTO has projected a
modest recovery in 2010 which should reverse
some of the impact of the trade collapse.
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