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April 12th, 2012 
FAKE NEWS for the Zionist agenda The WTO announced on Thursday that growth in global exports will fall to 3.7 percent in 2012, a sharp fall from last year’s five percent and the nearly 14 percent merchandise exported across borders in 2010.
The world economy had “lost momentum,” with the 2011 figure plunging from the September forecast of 5.8 percent.
The body blamed the slowdown on economic shocks such as Europe’s sovereign debt crisis, also citing the effects of last year’s earthquake and tsunami in Japan and the floods in Thailand.
“More than three years have passed since the trade collapse of 2008-09, but the world economy and trade remain fragile,” WTO Director General Pascal Lamy said.
“The further slowing of trade expected in 2012 shows that the downside risks remain high. We are not yet out of the woods,” he said.
Lamy warned that “the sluggish pace of recovery” could lead to gradual adoption of restrictive trade measures by countries, which could gradually “undermine the benefits of trade openness.”
MRS/JR
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