World trade has not been fallen so big for 70 years
The volume of world trade decreased by 12.2 percent in 2009 – notified the World Trade Organization. The WTO has officially confirmed that China – ahead of Germany – became the world's number one exporter.
Last year, world trade turnover in value decreased by 23 percent, from the 16.1 trillion USD of 2008 to 12.5 trillion.
World trade turnover volume will reach the 2008 level in 2011, if the projected 9.5 percent growth of this year will fullfill.
According to the WTO’s forecasts: the exports of the emerging countries – notably China, India and Brazil – are expected increse by 11 percent compared to last year – reports Népszabadság Online.
Related news
Related news
GKI: Deteriorating confidence indices and economic outlook in Hungary
In November, both businesses and consumers became more pessimistic about…
Read more >Arabica coffee price hits 47-year high
The futures price of arabica coffee has reached a 47-year…
Read more >Magyar Posta is preparing for the increased holiday traffic with 130 new vehicles
Magyar Posta expects to deliver more than 7 million packages…
Read more >