Tuesday, October 13, 2009

Tentative Global Trade Turnaround?

World trade is beginning to pick up. But the turnaround seems to be tentative unless we make a concerted effort to export or import more.
In the U.S., the Commerce Department said Friday that the dollar value of exports, which surged in July, rose another 0.2% in August. That put exports at their highest level since December, but still 21% below year-ago levels. Lower oil imports reduced imports by 0.6%, narrowing the trade deficit to $30.7 billion after four months of widening.
Read more at "Trade Upturn Hints at a Recovery."

And check out the World Economic Outlook (October 2009) or IMF Data Mapper here.

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