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Monday, August 10, 2009

Chart: The Collapse In Global Trade - Planet Money Blog : NPR

Chart: The Collapse In Global Trade - Planet Money Blog : NPR: "The chart above shows that we're living through the only major, sustained fall in global trade since 1970. ..."Behind each story lies a catastrophic decline in gross exports," Weinberg writes. The IMF data on exports track a 36 percent fall from the peak of $1.5 trillion in July 2008. "We have never experienced anything like this in our lifetimes. Neither, quite frankly, did we ever think we would."

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