The World Trade Organization is forecasting a 9% drop in global trade this year as economies contract worldwide.The collapse in global demand brought on by the biggest economic downturn in decades will drive exports down by roughly 9% in volume terms in 2009, WTO economists forecast today, noting that this represents the biggest such contraction […]
Fear over banks holds back equity recovery
Sluggish rebound forecast for 2010
Loss of momentum across goods- and service-producing industries
Collapse in international activity has materially weakened Canada’s growth profile
Job losses expected to extend into 2010
Aggressive policy actions will foster recovery in 2010
Global economies to struggle into 2010
Credit easing measures in each of the major countries can be expected
Brighter earnings prospects seen for 2010