Sunday, October 17, 2010

World trade trends update

Times has a chart showing the dollar volume of monthly exports reported by 16 major countries since world trade peaked in July 2008, and the change in value of each currency against the dollar, comparing the average currency value in July 2008 to the average value in August of this year.



On the trade front, the developed economies have to travel a long distnance before they can claim some semblance of normalcy. Even the big emerging economies, used to fast-paced export growth have only recovered to where they were when the crisis erupted (July 2008). And dollar has appreciated against all currencies, thereby affecting US export competitiveness.

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