The following is excerpted from a 17 May 2012 news release by the International Chamber of Commerce.
Developing nations were the key drivers of growth in international trade for 2011, in spite of the volatility caused by the international financial crisis, according to a report published today by the International Chamber of Commerce.
This year’s ICC Global Survey on Trade and Finance – titled “Rethinking Trade and Finance” – notes that after a year of upheavals, annual trade volume growth for 2011 was 6.6%, slightly above forecasts by the World Trade Organization. After positive growth prospects at the beginning of the year, a series of global shocks including the Arab Spring, the tsunami in Japan and the continuation of the global debt crises, resulted in an uneven performance for the year.
This release is available in its entirety at:
http://www.iccwbo.org/policy/banking/index.html?id=48318