This year dynamic growth of world trade is expected

The World Trade Organization (WTO) revised upwards its growth forecast of this year's world trade turnover: growth this year will be a 13.5 percent instead of the 10 percent forecasts of March. Last year, world trade declined by 12.2 percent.

This year's projected global trade growth is the largest since the first recorded data in 1950. The expected spectacular expansion this year will be helped by the increase in exports and imports, in China and many other emerging countries.
According to analysts of the WTO; the export of the developing countries and the Member States of the former Soviet Union will grow 16.5 percent this year after last year's 7.8 percent decline – reports MTI.