Benn Steil


A graphical take on geoeconomic issues, with links to the news and expert commentary.

Print Print Email Email Share Share Cite Cite
Style: MLA APA Chicago Close


Trade Troubles

April 14, 2009

The WTO has forecast that world trade will decline by 9% this year, the largest fall since World War II and the first decline since 1982. The severity of the contraction in world trade not only exceeds the post-WWII recession average, but is also deeper than in any post-war recession. In response, G20 leaders extended their agreement not to impose protectionist trade barriers to the end of 2010 and promised $250 billion in trade finance.

Economist: Trade Finance
CFR Meeting: Global Trade-Implications of the Current Crisis
Teslik: Gloomy Portents for Global Trade The G20s Trade Agenda
CGS: Economic Cycle

Opinions expressed on CFR blogs are solely those of the author or commenter, not of CFR, which takes no institutional positions.

Post a Comment

CFR seeks to foster civil and informed discussion of foreign policy issues. All comments must abide by CFR's guidelines and will be moderated prior to posting.

* Required