Home Page
An experienced guide to the world of finance
providing tools and information that help make
best financial decisions
My FinanceGates.com Register
 
Home  | News   |  World News 
SEARCH
  News & Commentary
  News
  Reviews
  Columnist Articles
  RSS News
  Economy
  Economic Charts
  Financial Calendars
  Banking & Loans
  Loan Rates
  Deposit Rates
  Rate Alert
  Banking Top Rating
  Education
  Banking
  Investing
  Stock Brokerage
  Dictionary
  Financial Directory
  Banking
  Funds
  Insurance
  Stock Brokerage
  Billing
  My FinanceGates
  Register
  Sign In



Market News Insurance Billing
Banking Business News World News
Funds Brokerage

Saturday April 16, 04:11
WTO: global trade to slow in 2005
(by Olivia Cohen)

 Send link to friend
WTO: global trade to slow in 2005 The World Trade Organization predicts slowdown in global trade to 6.5% for 2005 from 9% record in 2004, according to the survey issued by the organization on Thursday.

The slowdown in the world’s trade is mainly caused by a decline in the global economic growth, the survey showed. "Compared to 2004, real interest rates are expected to be higher in the developed markets and the impact of higher energy costs worldwide is expected to contribute to some weakness in the global economy," according to the survey.

The survey also said that the changes in world’s trade are mainly caused by the changes in global gross domestic product (GDP). The interdependence between global trade and GDP can be expressed in the formula «trade volume = double GDP».

This year, GDP is predicted to expand between 3.0% and 3.5%, compared with the 4% record of 2004
All world news
Read the related news and articles:
20 May 2005 08:25 AM China’s export tariffs raised on US restrictions
19 May 2005 10:54 AM US puts more pressure on Chinese textile
16 May 2005 06:43 PM US quotas for Chinese textile put EU in danger
14 May 2005 08:15 AM China tries to calm textile crisis by introducing new restricting measures
13 May 2005 10:54 AM WTO selects new chief
 


   KEYWORD SEARCH

KEYWORDS:
   SUBSCRIPTION
Join FinanceGates.com mailing list and get news and financial advices on home finance, auto finance, insurances, funds, online payments and much more.
ABOUT US
PARTNERSHIP
ADVERTISING
LEGAL DISCLAIMER
PRIVACY POLICY
CONTACT US
LINKS
RSS NEWS


Copyright © FinanceGates.com - independent financial advice and personal finance advice, an InternetGates.com company, 2003-2008. All rights reserved.
Finance Gates provides personal finance advice on banking, insurance, investing and billing.
Reading materials of this site you can be sure that you get independent financial advice.