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Europe Daily Bulletin No. 9869

26 March 2009
Contents Publication in full By article 24 / 31
GENERAL NEWS / (eu) eu/trade
Unprecedented contraction at world level in 2009, says WTO

Strasbourg, 25/03/2009 (Agence Europe) - The latest WTO forecasts are somewhat worrying. World trade is expected to suffer its worst contraction in 2009 since 1945 and decline by 9% under the impact of the global economic recession. Contraction will be particularly marked in the developed countries that will decline by 10%, compared to 2-3% for the developing countries. The WTO says this gloomy picture can be explained by the slowdown in economic activity in most of the industrialised world...

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