World trade contracted 12 pct in 2009: WTO's Lamy
Friday, February 26, 2010
WTO Director General Pascal Lamy said the organisation had revised its previous estimate of a contraction of about 10 percent in 2009 but gave no forecast for 2010.
"World trade has also been a casualty of this (global economic) crisis, contracting ... by about 12 percent in 2009," Lamy said during a visit to Brussels, calling it a huge drop and the sharpest decline since the end of World War Two.Asked about world trade in 2010, he declined to give any figure but said:
We duly congratulate them to have ousted the long ruling Botswana Democratic Party (BDP) from power. Prior to taking power from the BDP, the coalition had made several election promises that are credited for influencing change and swaying the people to vote in its favour.The party had made an undertaking, which its leader and President Duma Boko consistently bellowed in his campaign trail. These undertakings were promises that Batswana would be...