Isn’t that just what the charts looked like before the Great Depression? Maybe I’m wrong but I thought it went up and down then bottomed out.
Scary.
Yes.
2. If world trade is falling dramatically what does it portend for export dependent economies including advanced economies like Japan and Germany and most emerging market economies including China, India and Brazil?
Emerging economies will be hit hardest because they produce low cost goods or commodities. Germany and Japan will be hit, but not as badly.
3. Are there ways in which national economies can incentivise their investment and consumption patterns to generate domestically driven growth?
Yes. Cut taxes and cut non-productive government spending, leaving more money in the hands of the productive private sector. This will encourage consumption, growth, and investment.
Did I pass?
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Perhaps, as the article claims, recent increases in shipping capacity don’t explain the numbers entirely, but there have been quite a few new ships coming into use recently, and the old ones haven’t yet been junked. So it’s not quite as bad as the index numbers suggest.
ping
Just asking.