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Tuesday, 07 July 2009
Declines in the Baltic Dry Index (BDI) and in international air cargo volumes, plus forecast declines in trade volumes by the World Trade Organization (WTO) - as well as expected weak crude oil demand until 2012, according to the International Energy Agency (IEA) - have raised questions over any claims of a quicker-than-expected global economic recovery, according to market analyst Datamonitor. Despite the recent rally in the stock market brought on by optimistic claims, these new announcements suggest that a full recovery is still a long way off.
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