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Global recession triggers slump in world trade volumes

Posted on 30 January 2009

From Commodities-now.com: Global output and trade plummeted in the final months of 2008, and the IMF said it expects world trade volumes to contract this year, falling by 2.8%.

The continuation of the financial crisis, with government policies failing to dispel uncertainly, has caused asset values to fall sharply across advanced and emerging economies, decreasing household wealth and thereby putting downward pressure on consumer demand, the IMF said in its updated World Economic Outlook, released on January 28….. Full Article: Source


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