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GLOBAL MARKETS SHOWING SIGNS OF RECOVERY: AUSTRADE.
BRISBANE, Dec 3 Asia Pulse - A top Australian trade adviser said today that global markets were showing signs of recovery, three months after the September 11 terrorist attacks.
Australian Trade Commission (Austrade) executive general manager Roger Bayliss said the terrorist attacks had dramatically impacted on global markets, but signs of recovery were apparent.
"While the major one-off economic impact of the attacks has been estimated at $US350 billion ($A678.69 billion) in economic losses worldwide, or equal to one per cent of global output, the vast majority of global equity markets have recovered to above pre-September 11 levels," Mr Bayliss said.
"And global growth is expected to return by the third quarter of 2002.
"Our major concern is that Australian businesses could risk losing market share and opportunities to our overseas competitors, ...
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...quarter and about that much again in the third, according to Steven Wieting, managing director of economics at Citigroup Global Markets Inc. Retail sales excluding automobiles and restaurants might advance as much as 1.5 percent in the holiday season as...
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...acceptable level' and the global financial crisis has become more 'widespread' in the domestic economy despite global markets showing signs of recovery. High inflation and moderation in the economic growth has made the monetary policy management...
- S. Korea's trade surplus surges in Sept.
- News wire article from: Xinhua News Agency October 1, 2009 700+ words
...decline in imports being the main contributor to September's surplus, exports seem to be back in track as global markets are showing signs of a recovery from the financial crisis, the ministry added. "The government thinks exports are clearly...
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- News wire article from: YON - Yonhap News Agency of Korea October 2, 2009 700+ words
...leading factor in the sizable monthly surplus, exports have steadily regained much of their past buoyancy as global markets are showing signs of making a comeback from the financial crisis triggered by the collapse of Lehman Brothers last year...
