World News Insights
1-3 Minute Gist
Search, personalize, or simply browse. Follow the world around you from gist and context to insights.
Who we are | Our Credo | Ways of using Lyrarc | FAQ | Send Feedback | First Letter From the Editor
Sign up. It's free and easy to use
Create an account
to personalize your feed of articles and topics.
All Topics Article
Global Trade Posts Sharp Decline
Keywords:
Tags:
Proof that this is not an ordinary deep recession like those in the post war period comes in the way foreign trade is reacting in this downturn. Already evidence of this has been seen in the way Germany has been affected because of slowing exports from China to the US. German exports to China have declined as the Chinese export model comes under severe stress. A similiar situation is playing out for Japan. Now new proof of the drop in foreign trade is emerging in Commerce Department figures. Combined exports and imports of the USA dropped 18% in 4 months July to November, to $326 billion from $398 billion. Two thirds of this drop was in imports. So China and Japan's exports to the USA are severely affected. Japan showed a 27% decline in exports in November, according to the Japanese Ministry of Finance, and imports dived 14%. According to calculations by the WSJ, Germany had 11.8% decline in foreign trade in November, and similiar numbers for France and Britain. Chief US Economist at IHS Global Insight, Nigel Gault, says this is going to be the worst global recession since World War II. Combined with what is happening to inventories, (see links) and what is happening in housing, banking, the auto industry, and other industries, the complications of non-transparent packaged financial products clogging the American financial system, the hugely indebted consumer (see links), and the $2.1 trillion and rising cost of the stimulus and bailouts needed by one estimate, suggest that the recovery forecast for 2009-2010 does not take into account all these simultaneously occurring patterns and developments working together.
China's policy actions to address impact of global financial crisis 2008-2012
08/14/2008
Policy actions taken by China to address the global economic crisis's impact on Chinese growth rate including land policy for farmers and export rebates.
Grouped Articles
Trade Losses Rise in China, Threatening Jobs
New York Times 01/14/2009
Global Trade Posts Sharp Decline
Wall Street Journal 01/14/2009
Economist 01/15/2009
Tax Cut Spurs 25% Rise in Chinese Auto Sales
Wall Street Journal 03/11/2009
China's Economic Torch Won't Outlast Olympics
BusinessWeek 08/14/2008
New York Times 08/24/2008
The impact of the 2008 global financial crisis on Japan
01/14/2009
Grouped Articles
Japan’s Governing Party Is Plunging in Polls
New York Times 01/14/2009
Global Trade Posts Sharp Decline
Wall Street Journal 01/14/2009
Economist 01/15/2009
Mass Cuts of Temp Workers Pose a Tough Test for Europe
Wall Street Journal 03/12/2009
Japan Backs U.S. Calls for More Stimulus Spending
New York Times 03/14/2009
Japan Tries to Increase Exports
New York Times 04/01/2009
The impact on the economy of Germany of the 2008 global financial crisis
01/14/2009
Grouped Articles
Global Trade Posts Sharp Decline
Wall Street Journal 01/14/2009
Economist 01/15/2009
Germany’s Leader in Hot Seat Over G.M. Aid Request
New York Times 03/06/2009
Lufthansa, Aer Lingus Feel Pinch
Wall Street Journal 03/12/2009
Mass Cuts of Temp Workers Pose a Tough Test for Europe
Wall Street Journal 03/12/2009
Germany Moves Closer to Nationalizing Lender
Wall Street Journal 04/04/2009
Global trade issues in 2010.
01/14/2009
The currency issues for the strong yen and the reluctance of China to revalue its currency.
Grouped Articles
Wall Street Journal 10/04/2011
Europeâs Debt Crisis Is Casting a Shadow Over China
New York Times 05/17/2010
Economist 01/15/2009
When Everybody Exports, Nobody Wins
BusinessWeek 09/16/2010
Wall Street Journal 10/02/2010
Yuan Revaluation for China's Own Sake
Wall Street Journal 10/02/2010
Airlines industry after the global economic crisis in 2009.
08/01/2008
The declines in air travel and the condition of the airlines.
Grouped Articles
Airline Fees and Fares Turn Small Recovery Into Big Profits
New York Times 09/04/2010
Profits Tell of a Turnaround by Major Airlines, and Point to the Start of a New Era
New York Times 07/24/2014
High Fuel Costs Delay Airplane Orders
New York Times 08/01/2008
Wall Street Journal 10/16/2008
UAL Incurs Loss as Cost Of Fuel Rises
Wall Street Journal 10/22/2008
Economist 10/23/2008
China's economy after the global economic crisis of 2008.
01/14/2009
Stimulus spending, surge in bank loans.
Grouped Articles
Tax Cut Spurs 25% Rise in Chinese Auto Sales
Wall Street Journal 03/11/2009
New York Times 04/03/2009
Wall Street Journal 08/25/2015
China Bank Airs Concern Over Loans
Wall Street Journal 07/14/2009
Wall Street Journal 07/25/2009
A New U.S. Dialogue With China
Wall Street Journal 07/27/2009
The impact of the 2008 global financial crisis on China, with the steep drop in exports to the U.S. and European Union
01/14/2009
Expecting a wave of bankruptcies in the manufacturing sector companies reduce imports and layoff employees. In 2007 exports measured in yuan were growing at about 30% a year, in Jan. 2009 the exports dropped by 9% from the prior year- a huge shock for the manufacturing sector in China. Millions of workers head home back to rural areas on trains. The outlook is grim.
Grouped Articles
Trade Losses Rise in China, Threatening Jobs
New York Times 01/14/2009
Global Trade Posts Sharp Decline
Wall Street Journal 01/14/2009
Economist 01/15/2009
As Factories Fail, China's Business Law Does, Too
BusinessWeek 04/02/2009
The impact on the U.S. economy of the global financial crisis of 2008-2009
01/13/2009
Grouped Articles
Trade Secret: GDP's Pillar Looks in Peril
Wall Street Journal 01/13/2009
Global Trade Posts Sharp Decline
Wall Street Journal 01/14/2009
Economist 01/15/2009
Tomorrow's Recession Recovery Is Today's History Lesson
Wall Street Journal 03/03/2009
Unemployment Rate Jumps to 8.5 Percent, 663K Jobs Lost in March
Washington Post 04/03/2009
Yellen: Globalization, Technological Change Have Been Harmful to Many
WSJ 06/27/2017
Global decline in foreign trade in 2009 unlike anything seen since 1945.
01/13/2009
How this is affecting GDP in the USA and the effects globally.
Grouped Articles
Economist 01/15/2009
Trade Secret: GDP's Pillar Looks in Peril
Wall Street Journal 01/13/2009
Global Trade Posts Sharp Decline
Wall Street Journal 01/14/2009
Trade Upturn Hints at a Recovery
Wall Street Journal 10/10/2009
The steep fall in world trade in 2009 and efforts to prevent protectionism .
04/27/2006
Expert suggest several plans to revive world trade and prevent protectionism. The steep fall in world trade and the nature of world trade today with vertical supply chains as products are exported and reimported into countries for processing into finished products.
Grouped Articles
Wall Street Journal 10/04/2011
Wall Street Journal 04/27/2006
Pain From Free Trade Spurs Second Thoughts
Wall Street Journal 03/28/2007
It's Win-Win on U.S.-China Trade
Wall Street Journal 05/17/2007
Toyota Rethinks Japan as Export Hub
Wall Street Journal 07/18/2007
Foreign Owners May Be Secret of U.K.'s Success
Wall Street Journal 09/21/2007
China in the global financial crisis of 2008.
10/20/2008
The impact of the global slowdown on China's economy and the impact of China's slowdown on the USA, Germany, Japan and South Korea and other countries.
Grouped Articles
Chinese Bank Regulator Warns of Loan Risks
Wall Street Journal 06/17/2010
Trade Losses Rise in China, Threatening Jobs
New York Times 01/14/2009
South Korean Exports Take Massive Hit
Wall Street Journal 02/02/2009
Tax Cut Spurs 25% Rise in Chinese Auto Sales
Wall Street Journal 03/11/2009
As Factories Fail, China's Business Law Does, Too
BusinessWeek 04/02/2009
New York Times 04/03/2009
Global trade number showing sharp decline and what you see if you walk at the port in Savannah.
11/30/2008
Savannah and Long Beach ports and what you see happening there is reflected in the foreign trade numbers.
Linked Articles
When the Downturn Sailed Into Savannah
New York Times 11/30/2008
Global Trade Posts Sharp Decline
Wall Street Journal 01/14/2009
Declining foreign trade and how this affects U.S. GDP and GDP in other nations.
01/13/2009
How the decline in foreign trade unlike anything seen since 1945 is affecting the US and global economy.
Linked Articles
Trade Secret: GDP's Pillar Looks in Peril
Wall Street Journal 01/13/2009
Global Trade Posts Sharp Decline
Wall Street Journal 01/14/2009
We took a different way to help millions around the world build educated informed mindsets that affects and shapes their lives. For a future that is open, global and digital, with everyone having access to high quality information. We believe in the renewal of America, renewal of Europe, the renewal of India, the rest of Asia, Latin America and Africa. The renewal of our supply chains, health, education, infrastructure, as we rebuild our countries after the pandemic. Literacy and knowledge we believe cannot thrive and grow in a world of web bots, web crawlers, or AI. This requires human curiosity, human learning, and human imagination. We take as inspiration the saying- “One has to be free, and as broad as sky. One has to have a mind that is crystal clear, only then can truth shine in it.” Every contribution whether big or small is precious- in this crisis and ahead.
Support Lyrarc from as small as $1
Terms and Conditions | Copyright Policy | Privacy Policy | Contact Us