WTO slashes global forecast

21/09/2012 - 10:36:48
The World Trade Organization has slashed its global trade forecast for 2012.

The estimate has been cut from 3.7% to 2.5%.

It says the eurozone debt crisis was a key factor behind the downgrade.

The faltering US economy and a slowdown in China were other factors in the decision.

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WTO slashes global forecast

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