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EU27 international trade in services declined in 2009 following the onset of the global financial crisis
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The financial crisis that hit the world economy in 2008 and 2009 has had a huge impact on the international exchange of goods and services. While international trade in services of EU countries still recorded positive growth in 2008 (total exports up +2.2 % after +8.5 % in 2007), preliminary results show it declined significantly by 6.7 % in 2009. It is
interesting to note that the exports of goods fell much more dramatically in 2009, by 14.2 %, after a slight increase of 1.3 % in 2008. Imports of goods and services to the EU saw much the same falls as exports (-13.5 % and -7.0 %, respectively).
Szymon BIELECKI, Sylvie GORI - Personal Name
NONE
Economics
English
2010
1-8
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