Wednesday, 22 July 2015

World trade down

Shortterm contractions of world trade have occured regularly since the 2008/9 trade collapse but this time things mayy be different according to CPB Netherlands Bureau for Economic Analysis: "Because of the volatility of monthly trade figures, momentum is the preferred measure of trade growth.Trade momentum was -1.3% in May (non-annualised), down from -1.2% in April and the lowest reading  May 2009. "