Special Report on
International trade and economic growth
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International trade and economic growth - Trends
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BERA: Issue 7/8 International Economics & Trade: Trends in ...
In the previous decade from 1990-2000, the average growth rate for merchandise exports was 6.4%, slightly higher than the current decade. From 1990-2000, the growth in world GDP was 2.5%. The average GDP growth rate from 1995-2005 was 3%. Its lowest growth rates during this period were in 2001 and 2002, dipping just below 2%. 3 The current decade showed an overall growth rate of .5%. The slow-down in the world economy led to the fall in world merchandise trade for 2005, with an annual growth of 6%. This was considerably less than 2004, when the growth rate for world merchandise exports reached over 9%. However, world ...
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