Monday, March 09, 2009

1989 was only a test for the year 2009: Global economy disaster like in 1929!

By the middle of 2009, world industrial output could be as much as 15% lower than 2008, while trade may record the biggest decline in 80 years, it said.

The sharpest trade losses will be in East Asia, it said, where there are many large exporters.

Comments: Post a Comment



<< Home

This page is powered by Blogger. Isn't yours?