--- International trade ---
In light of continued weakness in global demand, global merchandise trade expanded at a moderate 2.5% in 2012 (Figure A1.17). Softer-than-expected growth in the PRC and ot...
her emerging markets helped restrain the pace of expansion. Given a modest outlook for growth in the advanced industrialized economies, the expansion of merchandise exports will likely pick up somewhat to 4.0% in 2013, remaining well below its 10-year average growth rate of 10.8%. As global economic activity firms, trade is expected to accelerate to 5.0% in 2014.
--- Source: CPB Netherlands Bureau for Economic Policy Analysis. CPB World Trade Monitor. http://www.cpb.nl/en/world-trade-monitor (accessed 25 March 2013).
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