Asia Fuels Revival in Trade Flows

Figures released by the Netherlands Bureau for Economic Policy Analysis (CPB) Monday showed world trade volumes increased for the fourth straight month in December 2009, signalling that the global economy is bouncing back, reports the Wall Street Journal.

 

The newspaper notes that trade volumes rose 4.8% from November, having jumped 1.1% in that month. Citing figures from CPB, the Journal says that in December, developing economies continued to lead the revival in trade flows. Imports to developing economies went up 7.8% from November, fuelled by a 12.2% increase in Asian imports. Meanwhile, exports from developing economies rose 6.3%, with Asia again leading the way as its exports rose 7.6%.
 

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