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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
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
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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.
- Spring '13
- The Lottery