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[QUOTE="andy003, post: 1375, member: 245"] [b]World Trade to Shrink By 9%[/b] [FONT="Comic Sans MS"]Global trade volume will shrink by at least 9% in the present year. In a forecast by the World Trade Organization (WTO), developed nations are being seen to be hit the hardest. Developed nations across the world can expect a 10% drop in the trade percentage. Poorer nations could expect 2-3% fall. [B]Falling Trade responsible for recession:[/B] While blaming the shrinking trade volume as the reason for global slump, WTO also said that it could well be a "potent tool' for coping with the same. World trade has witnessed the biggest fall since World War II. World Trade is an important agenda at the upcoming G-20 Summit on April 2 in London. [B]Optimistic Outlook:[/B] WTO, however, marked that there have been some positive signs with China, Singapore and Taiwan recording a rise in export- for the first time in months.China is counting on recovering sooner than rest of Asia.[/FONT] [/QUOTE]
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