Thursday, May 27, 2010
World trade - disaster avoided
Posted by David Smith at 11:00 PM
Category: Thoughts and responses

The really impressive thing about the new OECD forecasts are the numbers for world trade. It slumped by 11% last year, easily a post-war record, but is predicted to grow by 10.6% this year and more than 8% in 2011. Given the risks of protectionism when the global economy was falling off a cliff, this is a great outcome. More on the new forecasts here.