In today's globalized world, trade is a powerful engine for economic growth. International trade activity in goods and services remains the cornerstone support of their financial system, facilitating economic expansion as well as international cooperation and development. For the first time since 1982, international trade is contracting worldwide. Recent World Bank statistics predict the volume of trade in goods and services to drop by 6.1% in 2009, with a significantly sharper contraction in trade volumes of manufactured products. Trade finance to and from emerging markets in Asia appears to have been particularly hard hit. Many banks are also facing tougher capital requirements for their trade assets. As recession strikes, the outlook for 2009 is negative.
As the global economic recession rapidly evolves, low-income countries are facing new challenges. But the crisis is also presenting these countries with opportunities to refocus their development strategies in this changing world economy. The impacts of the crisis on their economic performance will depend on the speed and scale of the international response. The quantity and quality of aid, including Aid for Trade, are now more important than ever for economic growth and human welfare. Increasingly, the Organization for Economic Cooperation and Development partner countries are becoming more actively involved in the Aid for Trade initiative. In general, they assess as positive the impacts of Aid for Trade programs and projects on trade performance.
... si certains sont d'avis qu'en temps de récession la «Suissitude» pourrait générer une plus-valu...
Emerging economies are now directly implicated; their economies are being damaged by a decade of G7 governance failures in financial markets. This changes the type of political guidance that is needed now from the G20. A perverse feedback between recession and protectionism is no longer an historical reminiscence of the 1930s, but a possible scenario today. What G20 leaders did at the London Summit was useful, but they should do more. They should try to get out to front of the crisis and take concrete steps to retire the spiral never gets started.
... market specialists went up by roughly 5% in 2009, 10% in 2010 and another 2-3% in the first half of... and further rebounded quickly after the recession, with about 2.5% growth in GDP in both 2010 and 20...
... in Europe "will slip further into recession before a mild recovery sets in later in 2009". . W...
... what had been announced two years ago, the 2009 Dubai Air Show still took place at the usual locat..., however, and given the economic recession that has also hit the region (though far less than...
... unemployment caused by the worldwide recession to an estimated 240 million. Other key speakers in...
... growth, Switzerland is heading for a recession, the likes of which has not been seen for at least...
... traversent la plus grave récession depuis des décennies. Le Conseil fédéral a réa...
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