World trade to grow by 4.7% in 2014 and by 5.3% in 2015. This - TopicsExpress

World trade to grow by 4.7% in 2014 and by 5.3% in 2015. This forecast of 4.7% is more than double the 2.1% increase of last year. For the past two years, world trade growth has averaged only 2.2%. In 2013, Exports of India increased by 6.7% and of China by 7.7%. These results are better than 2012. Imports in India dropped sharply by 2.9% in 2013 while increased by 10% in China. Exports of developed economies grew more slowly than the world average at only 1.5%. Data Source: WTO

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