Displaying items by tag: crisis
Mitigram's CEO, Milena Torciano interviews Global Head of Country Risk, HSBC, Victoire De Groote on the impact of the crisis on world trade, geo-political tension and the possible scenarios with changes in the structure of trades. Will the crisis last? Is this the end of globalization? Can Emerging Markets benefit of the current changes?
Economic statistics for growth (or should we say contraction) look like something from another era: Eurozone -5,5%[i], advanced economies -6,1%[ii]. World merchandise trade volumes are expected to decrease between -13% and -32%, depending on the scenario laid out by the WTO[iii].