The plunge in world economies that accelerated last fall is now reducing the volume of world trade at the fastest rate seen in decades. But February trade figures released this week by several countries provided tentative signs that the fall may be starting to slow. . . "World trade is falling much faster now than in 1929-30," two economists, Barry Eichengreen of the University of California and Kevin H. O'Rourke of Trinity College in Ireland, wrote in a paper released this week titled, "A Tale of Two Depressions." . . .
Economists see some evidence of rising demand in
Floyd Norris, Trade is falling fast across the globe, NY Times, April. 10, 2009.