Fox Business - The Power to Prosper
Search Site


World Trade Picture Improves, '14 Below Trend

The World Trade Organization slightly raised its 2014 forecast for growth in global goods trade to 4.7 percent on Monday, saying it did not expect a return to the historical trend level of 5.3 percent until 2015."If GDP forecasts hold true, we expect a broad-based but modest upturn in the volume of world trade in 2014 and further consolidation of this growth in 2015," WTO Director General Roberto Azevedo told a news conference in Geneva.Although the 2014 forecast represents a brighter picture than the 4.5 percent growth that the WTO expected at the time of its last forecast in September, it is still gloomier than its predictions a year ago because the European Union's economic recovery took longer to materialise than expected."EU demand has been weighing on world imports for the past couple of years but it's starting to turn around," said WTO economist Coleman Nee."We will be watching very closely to see if the recovery in the EU disappoints," Azevedo added.Azevedo said it was unclear ...

Read More

  1. Face-2-face with Ashton Kutcher

    Hollywood star on bringing 'Jobs' to life

  2. Media’s love affair with President Obama

    The press’ approach to reporting the Obama administration

  3. Deutsche Bundesbank VP: Fed Proposals on Foreign Banks Not Helpful for Supervision

    Germany's top banking supervisor urged the U.S. to abandon its insistence on forcing big foreign banks to operate through separately capitalized subsidiaries, warnin...

  4. Buba VP Says Fed Banking Proposals Not Helpful

    Germany's top banking supervisor urged the U.S. to abandon its insistence on forcing big foreign banks to operate through separately capitalized subsidiaries, warnin...

  5. New Indonesian Central Bank Chief To Focus on Inflation Amid Political Pressure

    Former Finance Minister Agus Martowardojo began a five-year term as Indonesia's central bank governor Friday, taking the reins as Southeast Asia's biggest economy fa...

  6. Harry Reid: Ted Cruz is like a 'schoolyard bully'

    Senate Floor 5/6

  7. Bundesbank VP Lautenschlaeger: Won't Advise US Fed About Foreign Bank Rules

    The Deutsche Bundesbank won't be making any suggestions to the Federal Reserve about proposed changes to how it regulates foreign banks operating in the U.S., Bundes...

  8. India's Chidambaram to woo investors in North America to fund current account gap

    India's finance minister will seek to drum up foreign investment from the United States and Canada this week to fund a record high current account deficit, even as p...

  9. WTO cuts 2013 trade forecast, sees protectionist threat

    The World Trade Organization slashed its forecast for trade growth in 2013 on Wednesday, saying it feared protectionism was on the increase.It cut its forecast for g...

  10. Full Episode: 'Red Eye' 3/29/13

    Guests Jedediah Bila, Sherrod Small and Robert George discuss impact of Jim Carrey's anti-gun video

  11. Bernanke says Fed's easy policy benefits world economy

    Federal Reserve Chairman Ben Bernanke on Monday defended the central bank's aggressive easing of monetary policy, saying while it was aimed at bolstering the economi...

  12. Mondelez, PepsiCo shares up after report of Peltz stake

    Shares in top U.S. packaged food companies Mondelez International Inc and PepsiCo Inc jumped on Friday on speculation that they could merge, after a report that acti...

  1. Johnny Depp on China: 'I could live here easily'

    Oh really? Professor Beckel schools 'Captain Jack'

  2. Whiskey rebellion in Tennessee?

    Judge Andrew Napolitano weighs in on Diageo’s push to change the year-old Tennessee whiskey law.

  3. American Cheese Makers vs. EU in Food-Name Fight

    In Connecticut, Sen. Chris Murphy is hosting the Connecticut Cheese Challenge to draw attention to European efforts to restrict American farmers’ ability to call their cheese by names like feta, parmesan and muenster.

  4. Gov. Rick Perry speaks at CPAC

    Texas governor speaks at annual conference for conservative activists

  5. Rudy Giuliani: Putin is an energy extortionist

    Former New York Mayor Rudy Giuliani on the crisis in Ukraine.

  6. Do the new laws of 2014 go too far?

    Cato Senior Fellow Illya Shapiro on the new laws going into effect in 2014.

  7. FACTBOX-Chinese investment in Brazil has tumbled since 2010

    Chinese investment in Brazil spiked in 2010 but has fallen since then, according to official data and independent studies, as executives grew frustrated with Brazil'...

‹ Prev12345Next ›
Freebase CC-BY
Source: Protectionist on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL