By Adeline Teoh · 26 March 2009 · Locked
A devastating 9% decline in global trade is forecasted, sparking fears of protectionism. But is this a cause or effect of the looming recession?
Global trade will fall by nine percent this year, according to World Trade Organization (WTO) forecasts, the biggest decline since World War II. Considering that in 2007 trade grew by six percent, the 2009 figures represent a significant fall and have sparked fears of protectionism, initially brought on by the possibility that the US stimulus […]
Tags: Recession, Trade