Merchandise Trade Slower in Many Key Economies, OECD Reports
Merchandise trade slowed in most major economies in Q2 2012 but grew in China and Japan, the Organisation for Economic Co-operation and Development said Aug. 30. The contraction hit France, Germany, Italy and the U.K., as well as India, Russia…
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and South Africa, it said. Imports shrank in Canada and the U.S. but exports grew moderately in both countries, it said. Exports in China increased by 12.8%, the highest rate since Q1 2007, while imports grew at 2.5%, it said. And while imports and exports rose in Japan, the rate of import growth was at its lowest level since Q2 2009, it said.