Wednesday, 24 February 2010

WTO says global trade shrank 12pc in 2009, biggest collapse since Second World War

"World trade has also been a casualty of the crisis," said Pascal Lamy, director general of the WTO, told business figures and policymakers at the European Policy Centre, a Brussels think-tank, on Wednesday.The decline is a steep downward revision on the organisation's estimate of a 10pc contraction in December."

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