World trade contracted 12 pct in 2009: WTO's Lamy
Friday, February 26, 2010
WTO Director General Pascal Lamy said the organisation had revised its previous estimate of a contraction of about 10 percent in 2009 but gave no forecast for 2010.
"World trade has also been a casualty of this (global economic) crisis, contracting ... by about 12 percent in 2009," Lamy said during a visit to Brussels, calling it a huge drop and the sharpest decline since the end of World War Two.Asked about world trade in 2010, he declined to give any figure but said:
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