The Latest Evidence That Global Trade Has Collapsed: India’s Exports/Imports Plunge By 25%

October 16th, 2015

Awake Goy

Although economists have a reputation for being terrible when it comes to making predictions (getting it wrong perpetually is almost a job requirement), it’s difficult to understand how 51 of them failed to see a cut of that magnitude in the cards.

After all, it was just a little over a month earlier when the Indian government’s chief economic advisor Arvind Subramanian told ET Now television that India may need to “respond” to China’s monetary policy stance. He also hinted at further export weakness to come.

And here’s what Deutsche Bank had to say in August:

Currency competitiveness is an important factor in influencing exports performance, but global demand is even more important, in our view, to support exports momentum. Global demand remains soft at this stage which continues to be a key hurdle for exports momentum to gain traction.

Source Article from https://www.freedomsphoenix.com/News/184946-2015-10-16-the-latest-evidence-that-global-trade-has-collapsed-indias-exports.htm?EdNo=001&From=RSS

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