on account of the global economic recession, said the International Monetary Fund (IMF). In its previous forecast, the IMF had expected world trade to grow by 2% this year. 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…
WORLD: Trade volumes to fall 2.8% this year due to recession, said IMF
Posted on January 29, 2009 by EnergyAsia