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WTO cuts 2011 world trade growth forecast to 5.8pc

GENEVA : The World Trade Organization on Friday cut its 2011 trade growth forecast to 5.8 percent from 6.5 percent as ea
Published September 23, 2011

wtoGENEVA: The World Trade Organization on Friday cut its 2011 trade growth forecast to 5.8 percent from 6.5 percent as earlier predicted, amid increasing economic uncertainty.

"Members must remain vigilant. This is not the time for go-it-alone measures. This is the time to strengthen and preserve the global trading system so that it keeps performing this vital function in the future," warned Pascal Lamy, director-general of the WTO, in a statement.

 

Copyright AFP (Agence France-Presse), 2011

 

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