WTO cuts 2011 world trade growth forecast to 5.8pc

GENEVA : The World Trade Organization on Friday cut its 2011 trade growth forecast to 5.8 percent from 6.5 percent as ea

Published September 23, 2011 Updated September 23, 2011 08:41am

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By Syed Murtaza Gheblehzadeh

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"Members must remain vigilant. This is not the time for go-it-alone measures. This is the time to strengthen and preserve the global trading system so that it keeps performing this vital function in the future," warned Pascal Lamy, director-general of the WTO, in a statement.

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