1945

International trade, finance and transport

In 2006, world merchandise trade expanded at a rapid pace, with the volume of world exports growing an estimated 10 per cent, from 7.3 per cent in 2005. The strong growth of world trade, which was bolstered by broad-based import demand across a majority of economies, was, however, expected to moderate to about 7 per cent. The United States remained the major locomotive for world trade, with its demand accounting for some 13 per cent of the world total. Import demand in the European Union (eu) accelerated, reflecting a better-than-expected growth recovery in Western Europe, as well as in most developing countries and the economies in transition.

Related Subject(s): United Nations
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