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1 increase experienced in 2010 world trade volume of

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Unformatted text preview: cted to grow 4% in both 2011 and 2012, a slightly more moderate rate than the 5.1% increase experienced in 2010. World trade volume of goods and services is expected to climb 7.5% in 2011 and 5.8% in 2012, slower than the 12.8% gain experienced in 2010. The European debt crisis poses a considerable threat to near-term economic growth, not only in Europe, but to countries across the globe. The crisis is expected to dampen global trade as a result of lower demand from European countries. Additionally, contagion of the crisis to the financial sectors of other countries remains a risk. Many economists project that Europe is already in recession and that much of Europe will face a slow, protracted recovery lasting several years. Outside of the eurozone, over-leveraging of public and private sector debt in the United States, Japan, and the United Kingdom also threatens growth prospects in the near term. 100 Year Total Exports 2003 2004 2005 2006 2007 2008 2009 2010 2011a $6,086.9 6,659.8 6,773.3 7,954.7 7,...
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This note was uploaded on 02/11/2013 for the course MGMT 231 taught by Professor Yu during the Spring '13 term at Bauder.

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