Global Trade in Focus in Latest Edition of Fitch Ratings' Inside Credit Newsletter

NEW YORK--(BUSINESS WIRE)-- The latest Inside Credit newsletter from Fitch Ratings features global trade recovery.

James McCormack, Global Head of Sovereigns, says a strong recovery of global trade is some way off. Structural and cyclical issues have limited the post-crisis trade recovery, with global export volumes consistently growing less than 5% since 2012.

'It appears probable that there will be at least a cyclical recovery in investment and trade,' said Mr. McCormack. 'While this is already underway in the U.S. and Japan, it has yet to take hold in the Eurozone.'

Until the European economic cycle turns more fully, Mr. McCormack suggests that longer-term structural issues will remain, including a peak in the development of cross-border value chains, an increase in the use of trade restrictions, and a trend decline in investment relative to consumption and government spending.

Other topics covered in this week's edition of Inside Credit include:

--Resolution of Lehman Brothers Teaches Lesson of Structure and Jurisdiction

--Active European Equity Funds Face Better Environment

--U.S. GSIB Buffer Rules Final, but Key Questions Remain

--EU Development Banks' Role to Grow

--Energy, Metals/Mining Defaults Hit U.S. Leveraged Loans

--Miners Better Prepared for USD1,000 Gold After Costs Fall

--China's New Oil Import Rules Have Minimal Impact on Status Quo

--U.S. Consumer Bankruptcies Set to Fall to an Eight-Year Low

--China's City Gas Sector Maturing with Moderating Growth

--Why Fossil Fuel Production Is Falling

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Fitch Ratings
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Source: Fitch Ratings

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