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Global trade to be weaker than expected

Global trade will be weaker than expected economic struggle of the European debt crisis this year, and will be resumed only slightly in 2014, the world trade organization (wto) said on Wednesday.
Global trade organization in its annual report to grow by 3.3%, in 2013, significantly less than previously forecast 4.5% forecast.
It will be global trade rose by 2%, in 2012, a terrible year only a small improvement. Ravaged export, then by the financial turmoil in the 17-nation euro zone, Japan's earthquake and nuclear crisis economic aftershocks, and the influence of the oil-rich Middle East political turmoil.
The WTO trade had predicted growth of 3.7% in 2012, according to WTO economists Coleman ni as the eu fiscal hypothesis "get its act together". In fact, the European debt crisis continued, and maintain the source of the uncertainty in the euro area, is the world's largest economic region.
Trade growth is still well below its average over the past 20 years the rate of 5.3%, the wto said. Number represents the across national boundaries of goods exports, accounting for changes in prices and exchange rates.
Wto director-general PASCAL lamy said: "the trade figures in 2012 is quite calm," with developed economies slot insignificant in their exports increased by 1%, while shipments rose 3.3% in the developing economies, last year.
"The sovereign debt crisis this year renewal of the year means that trade is a slowdown in stronger than expected," he said.
Gap between developed countries and developing countries are still importing more dramatic, the wto's figures show. In developed economies, imports fell by 0.1%, in 2012, and they rose by 4.6%, between developing economies.
In 2014, the trade is expected to rebound, lamy says, "more like a growth of 5%, close to the rate of 5.2% seen in 2011.
The recent slowdown, he said, "it is necessary to more rules-based trade, in order to reduce unemployment and stimulate economic growth."
"The threat of protectionism may be more big, now than any time since the crisis began, because have tried other policies, to restore economic growth, and found that my own shortcomings," Mr Lamy said.
In dollar terms, commodity transaction worth $1.83 quadrillion in 2012, were flat in the same period last year due to the trade of goods, such as coffee, cotton, iron ore and coal prices.



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