Résumé
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.
Voir le contenu complet de ce document
Extrait
Commerce Crossroads
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 our financial system, facilitating economic expansion as well as international cooperation and d...
Voir le contenu complet de ce document
Liens sponsorisés
