Switzerland WTO Global Trade

April 12, 2012 - 9:26 AM
Director General of the World Trade Organization, WTO, Pascal Lamy addresses a news conference on annual trade forecast and statistics at the WTO headquarters in Geneva, Thursday, April 12, 2012. Europe's sovereign debt crisis and other economic shocks are expected to slow the growth in global exports to just 3.7 percent in 2012, the WTO said. That comes after slowing to 5 percent in 2011, and would mark a sharp deceleration from the 13.8 percent growth rate in 2010, the WTO said in its annual report. The figures represent the total volume of merchandise exported across borders, accounting for changes in prices and exchange rates. (AP Photo/Keystone, Sandro Campardo)