IMF to forecast steep fall in trade
10-03-2009
The International Monetary Fund will forecast a contraction in world trade this year of 5 percent or more in the run-up to the G20 summit of rich and emerging nations, next month, a senior trade source said on Monday. And even that figure, much steeper than the IMF's previous forecast less than two months ago, is likely to turn out to be far too conservative, as trading powers continue to announce double-digit declines in exports, the source said.
