Click here for free Lucky for Life tickets. But international trade is expected to rebound to 6 percent or 7 percent growth next year as the crisis begins to fade, the World Trade Organization said today in its annual report. While trade growth has slowed, gains continue to outpace growth of overall world output.
Trade continues to be an engine of economic expansion for many countries of the world.
The report is one of the last major pieces of information prepared by the WTO before its meeting in Seattle next week. The meeting runs from next Tuesday to Dec. 3. A major march sponsored by organized labor is expected to bring 50,000 people downtown next Tuesday. While protests mount, it is hard to argue against the success of global trade. It has grown almost 20-fold since 1950, far outstripping the growth in world gross domestic product.