International trade growth grinding to a halt

Merchandise trade growth slowed strongly in most major economies in the third quarter of 2011, according to figures just published by the OECD. Total imports of G7 and BRICS countries contracted by 1% in the third quarter, compared to 4.2% growth in the previous quarter. Total export growth slowed to 1%, compared to 4.6% in the previous quarter. Merchandise trade … Continue reading

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How does UK productivity compare?

Latest, revised estimates for 2009 show that the UK’s productivity level, when measured on a Gross Domestic Product (GDP) per worker basis, was well below the G7 level and over 30% below the US performance, according to the Office for National Statistics. Whilst our productivity was higher than Japan’s, and broadly similar to Canada and Germany, it was below France, … Continue reading

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Could the UK be consigned to the “slow lane of history” for the next 40 years?

The global financial crisis has accelerated the shift in economic power to the emerging economies, according to a report published by consultants PricewaterhouseCoopers (PwC) today. This is one of the conclusions from their “The World in 2050” report. This suggests that the so-called E7 group of emerging economies (China, India, Brazil, Russia, often referred to as the BRICs, with Mexico, … Continue reading

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G7 trade flows growing but at a slowing pace

Merchandise trade volumes for the G7 countries as a whole continued to grow in the first quarter of 2010, but at a slower pace than in the fourth quarter of 2009, according to statistics just released by the OECD.  Based on seasonally adjusted monthly data, merchandise trade values remain approximately 20% below pre-crisis levels in April and May.   G7 … Continue reading

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Trade continues to grow in G7 countries

Export volumes of merchandise trade were up 3.9% in the fourth quarter of 2009, whilst import volumes grew by 3.1%, according to new figures from the OECD. The biggest increases were in the US and Japan where export volumes rose by 6.4% and 6.1% respectively, and import volumes rose by 3.4% and 3.0% respectively. However, when we compare these figures … Continue reading

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Asia recovering quickly

Asia is quickly rebounding from the global crisis according to the International Monetary Fund (IMF) in their latest report on the region. In the new Regional Economic Outlook which covers Asia and the Pacific, it forecasts an acceleration in economic growth from 2.75% in 2009 to 5.75% in 2010. These figures are both higher than previous estimates.   Why has … Continue reading

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