OECD Reports Drop in Global Trade
The Organization for Economic Co-operation and Development (OECD) reported today that total imports for the G7 nations plus Brazil, China, India, and Russia (BRICs) fell by -0.2% in the fourth quarter of 2011, after a decline of -0.7% in the…
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.
The Organization for Economic Co-operation and Development (OECD) reported today that total imports for the G7 nations plus Brazil, China, India, and Russia (BRICs) fell by -0.2% in the fourth quarter of 2011, after a decline of -0.7% in the third quarter. Exports also fell, by -12.2%, compared with an increase of 0.9% in the third quarter.
The US and China both showed higher imports for the quarter, by 1.8% and 4.7% respectively, but exports fell slightly for both countries. Exports in both the US and China have not dropped in the same quarter since the second quarter of 2009.
In the eurozone, exports and imports fell in Germany, France, and Italy. In the UK, imports fell by -1.9% and exports rose by a thin 0.3%. Only Russia and Brazil showed increases in both imports and exports.
The OECD announcement is available here.
Contact [email protected] for any questions or corrections.
Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.
He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.
