Protectionist pressures increasing

G20 governments have introduced more trade barriers, including export restrictions, in the past six months than in previous periods since the financial crisis began. This is according to a report by the World Trade Organization, the Organisation for Economic Co-operation and Development and the UN Conference on Trade and Development released yesterday. Although measures to lower trade barriers are also … Continue reading

Posted by Nigel Tree | Comments Off on Protectionist pressures increasing

Is Japan pointing the way forward?

Japan is the world’s second largest economy and yesterday announced a return to GDP growth, with a rise of 0.9% in the second quarter of this year. Given that in the last quarter of 2008 Japan’s growth rate was declining at 13.1% on an annual basis, this appears to be a promising recovery. This news follows on from France and … Continue reading

Posted by Nigel Tree | Comments Off on Is Japan pointing the way forward?

The pain is spreading

I was on the phone to a friend in South Africa last night who works in the construction industry. He told me that sales made by his company were down 25% this year, and they were giving up any wage increases in order to save jobs. This was backed up by the news released yesterday that the South African economy … Continue reading

Posted by Nigel Tree | Comments Off on The pain is spreading

Japanese economy contracts at record rate

Japan, which is the second largest economy in the world, shrank by 4% in the first quarter of 2009. This fall in GDP was the fastest since records began, and represented a 15.2% drop when compared to the same period a year earlier. This was also the fourth successive quarter of decline, and followed a fall of 3.8% in the … Continue reading

Posted by Nigel Tree | 1 Comment