The slowdown of the growth of the trade volumes could already be observed in 2007, with an annual growth rate of 7.2% for total world trade transactions in goods and services, less than the 9.2% growth rate recorded in 2006 (figure 2). This decline corresponds to reduced export volumes of -12.5% and -11.7%, respectively for advanced economies, and emerging and developing economies, in 2009. The growth rate of world trade volumes could become positive in 2010 according to these same projections, to reach 5.8%, 5.9% and 5.4% in 2010 and 6.3%, 5.6% and 7.8% in 2011, respectively for the total volume of world trade, exports for advanced economies and exports for emerging and developing economies.