World trade to rebound as Doha talks drag on

Tuesday, March 30, 2010

World trade will grow by nearly 10 percent this year, rebounding strongly from the economic crisis and shrugging off halting progress in the eight-year-old Doha round, World Trade Organisation figures showed on Friday.

The WTO said the volume of merchandise trade would expand by 9,5 percent after dropping 12,2 percent in 2009, the biggest contraction in more than 70 years.

The forecast growth this year comprises 7,5 percent for developed countries and 11 percent for developing countries, it said in a statement.

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