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Trade woes to hit developing nations hard

Posted on 09 March 2009

From Theglobeandmail.com: Global trade will decline this year for the first time since 1982, and by the largest drop in eight decades – dumping a crippling load on developing nations, according to a new report by the World Bank.

As demands for imports fall among developed countries – and with financial credit for trade drying up – the report stressed that the consequences will be especially severe for developing nations who are experiencing a “virtually unprecedented” decline in exports….. Full Article: Source


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