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Image header Agence Europe
Europe Daily Bulletin No. 10341
Contents Publication in full By article 36 / 40
GENERAL NEWS / (eu) world trade

Trade picks up, driven by emerging economies. According to the WTO, world trade will return in 2011 to its pre-crisis level, driven by the economic expansion of emerging economies. In March 2010, the WTO forecast growth of 9.5% in world trade in 2010, but it has now forecast 22% growth for 2010 and expects 2011 to be better than before the economic crisis (better than the December 2008 level). Detailed figures will not be available until next month, but the preliminary statistics show that the value of world trade rose by 17% in Q410, slightly down on the Q310 increase (18%). These good forecasts contrast with the troublesome year of 2009 when world trade fell by 12.2%. In Q410, emerging economies saw the biggest growth. The exports of China, India and Brazil rose by 24%, 28% and 38% on 2009 respectively. Central and South America have seen strong growth with both exports and imports up by 25% and 30% respectively. The United States and Europe are in the doldrums with growth of 18% and 10% respectively. (I.L./transl.fl)

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GENERAL NEWS
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