Growth in world merchandise trade fell to 6% in real terms in 2007 - down from 8.5% in 2006
Nov 6th, 2008 | By Finfacts Ireland Business & Finance Portal | Category: News worldwide
Growth in world merchandise trade fell to 6 per cent in real terms in 2007, down from 8.5 per cent in 2006, according to statistics published by the WTO (World Trade Organisation) on Wednesday. Weakening demand in developed countries, realignments in exchange rates and fluctuations in the prices for commodities, such as oil and gas, introduced uncertainties into the global markets in 2007, were cited as factors responsible for the fall.