The global exports growth is expected to decline in Eurozone to 3.7 percent in 2012, according to recent predictions from the World Trade Organization. Concerns over the economic health of Europe lie at the heart of the slow down. Global trade levels had risen in 2011 by 5 percent and by 13.8 percent in 2010. The WTO estimates oil prices will remain at over USD 100. ”It’s been over three years, since the trade has collapsed in 2008 and 2009, but the global economy and trade remain unsteady,” said WTO chief Pascal Lamy, adding that the risk for slowdown in trade in 2012 remains high. The WTO hopes the trade can recover in 2013, predicting a rise of 5.6 percent.
