WTO Says International Trade Will Grow 9.5 percent in 2010
03/26/2010
World trade declined 12 percent last year due to the global economic crisis. In 2009, China became the world's leading exporter, with $1.2 trillion of merchandise exported. It overtook former lead exporter, Germany, which shipped out $1.12 trillion of goods. The United States, the world's top importer, assumed the third spot with $1.06 trillion of exports.
The projected 9.5 percent growth would need to be repeated in 2011 for the global economy to rebound to peak 2008 trade levels, according to WTO Chief Economist Patrick Low. The 2010 prediction could be too optimistic, Low said, if currency and commodity prices fluctuated, or if financial markets declined.
Project Announcements
Finland-Based ADMARES Plans Waycross, Georgia, U.S. Manufacturing Plant
06/01/2023
Toyota Plans Georgetown, Kentucky, Electric Vehicle Operations
06/01/2023
Ranger Design Establishes North Charleston, South Carolina, Operations
05/31/2023
Austrian-Based Kronospan Expands Oxford, Alabama, Operations
05/30/2023
TiiCKER Expands Grand Rapids, Michigan, Operations
05/30/2023
Hanon Systems Establishes Bulloch County, Georgia, Operations
05/26/2023
Most Read
-
Is a Flurry of Fads Shaping Economic Development Policy?
Q2 2023
-
37th Annual Corporate Survey: Economic Pressures Exerting Greatest Effect on Decision-Makers
Q1 2023
-
Nearshoring — North America’s Next Factory
Q2 2023
-
Front Line: Water Supply Increasingly Affecting Location Decisions
Q2 2023
-
First Person: Labor Crunch in the Construction Industry
Q2 2023
-
Life Science Conversions in Real Estate
Q2 2023
-
19th Annual Consultants Survey: Clients Challenged by Tight Labor Market, Energy Availability
Q1 2023