GENEVA (AP) -- The World Trade Organization expects growth in global exports to remain sluggish this year due to Europe's sovereign debt crisis, but sees a rebound in 2014 to more robust levels.
The global trade body forecasts in its annual report Wednesday that trade would grow only 3.3 percent during 2013.
That would still be an improvement from 2012, when trade grew just 2 percent due to financial turmoil in the 17-country Eurozone, economic aftershocks of Japan's earthquake and nuclear crisis, and the impact of political unrest in the oil-rich Middle East
The WTO had earlier forecast a 3.7 percent rise in trade in 2012.
- Politics & Government
- World Trade Organization