World trade figures for 2010, prospects for 2011 — Interview with WTO Chief Economist Patrick Low

http://www.wto.org/ 07.04.2011


After a record growth rate of 14.5% in 2010, world trade is expected to grow in 2011 by 6.5%, according to WTO Economists. "The figures show how trade has helped the world escape recession in 2010," WTO Director-General Pascal Lamy said. "However, the hangover from the financial crisis is still with us. High unemployment in developed economies and sharp belt-tightening in Europe will fuel protectionist pressures. WTO Members must continue to be vigilant and resist these pressures and to work toward opening markets rather than closing them", he added.


Link to the press release:
http://www.wto.org/english/news_e/pres11_e/pr628_e.htm

More on International Trade Statistics:
http://www.wto.org/english/res_e/statis_e/statis_e.htm