Friday, March 27, 2009

Scary trade developments...

When international trade is collapsing we should all get worried:
Argentina's exports were down 35.8%. Canada's were off 34.6%. Chile's by 41.3%. China's were down 17.5%. Ecuador's fell by 47%. Germany's by 28.7%. France's by 30.7%. India's by 15.9%. South Korea's by 32.8%. Malaysia's by 35.3%, etc.
Read Trade is collapsing, everywhere posted in Free Exchange (economist.com blog)

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