GENEVA — The volume of world trade in goods is projected to expand 9.5 percent this year, marking a sharp rebound from last year’s 12.2 percent decline — the biggest since World War II, Pascal Lamy, director general of the World Trade Organization, said Friday.
Lamy said WTO economists are forecasting developing countries’ trade in goods will grow 11 percent and industrialized countries’ trade will increase 7.5 percent. He said dynamic Asian economies, led by China, are expected to spearhead the upturn in trade.
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