09.03.2009 - Trade woes to hit developing nations hard
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