With the escalation of risks to global economies has led the World Trade Organization (WTO) to reduce to a +5.8% growth forecast of world trade in 2011 compared with the previous forecast of +6.5% formulated to prudential ' beginning of spring ( of 7 April 2011).
Economists of the World Trade explained that this reduction was necessary in view of the fact that in recent months, the trade growth has been slower than expected, but increased uncertainty about global economic outlook.In particular, the beginning of last spring economies, especially those of advanced nations, were at the mercy of adverse events such as the effects of the earthquake and tsunami in Japan, the long stalemate on the budget and the rating downgrade in the U.S. and the crisis of sovereign debt in the euro area. Furthermore, the disappointing data on production and employment have reduced the confidence of businesses and consumers and have contributed to the recent crisis in financial markets.
So now believes that the WTO in 2011, world merchandise exports will grow only by 5.8% in volume terms, underpinned by growth of real gross domestic product by 2.5%. In particular, it is expected that exports from developed countries will increase by 3.7%, with a GDP increase of 1, 5%, while exports of developing economies will register an increase of 8.5% with a GDP growth of 5.9%.
According to the WTO, the economy may have reached a critical point beyond which growth may resume if the policy will be a solution to the debt crisis as to restore confidence in the financial system, whereas - emphasizes the organization - political mistakes could exacerbate instability as happened during the crisis following the collapse of Lehman Brothers in 2008."After weighing these factors - the economists conclude the WTO mixing pessimism with optimism - we believe that the risks to the forecasts of these clearly push down, but we must not ignore that there is room for improvement."
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With the escalation of risks to global economies has led the World Trade Organization (WTO) to reduce to a +5.8% growth forecast of world trade in 2011 compared with the previous forecast of +6.5% formulated to prudential ' beginning of spring 
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
