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Trade: Global trade forecast to expand by 4.5% this year: WTO

	April 28, 2008

The World Trade Organisation (WTO) forecast a moderate global trade expansion of about 4.5 per cent in real terms this year, following world trade growth sliding to 5.5 per cent in 2007 from 8.5 per cent in 2006. In its preliminary assessment released in Geneva last week, the world trade monitoring body contends that this downbeat prognosis stems from the fact that the sharp economic deceleration in key developed countries is only partly counterbalanced by continuing strong growth in emerging e ...