GENEVA — World trade growth fell to 2 percent in 2012 — down from 5.2 percent in 2011 — and is expected to remain sluggish in 2013 at around 3.3 percent as the economic slowdown in Europe continues to suppress global import demand, according to a report by World Trade Organization economists.
The abrupt deceleration of trade in 2012 was attributed to slow growth in developed economies and recurring bouts of uncertainty over the future of the euro. Flagging output and high unemployment in developed countries reduced imports and fed through to a lower pace of export growth in both developed. . .
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