Market Review
-
Third Quarter 2011
The global economy is going through challenging times. The Eurozone debt crisis, rising unemployment, weakening consumer spending, rising interest rates, fears of recession or a “double-dip” are all individually or jointly affecting economies around the world in one form or another. Advanced economies are slowing down sharply whilst those of the emerging nations are facing increased risks of inflation due to rising interest rates and/or credit tightening. Financial institutions, once again, have to endure increased stress ...
-
Second Quarter 2011
Rising inflation, increasing unemployment in the Western economies, Euro Sovereign debt crisis still unresolved, and its effect on Euro/Dollar rates, and decreased consumption have all had a noticeable effect on export volumes & prices. Some of the leading European economies continued to show positive signs of growth which in turn has helped to promote demand for recovered fibre in Europe. However, the weak Euro economies continued to affect European consumption, leading to a slight reduction in ...
-
First Quarter 2011
Before commencing my report, and on behalf of all in the Paper Division of BIR, I would like to express my sincere sadness at the vast loss of life suffered by the Japanese population in the Earthquake and Tsunami in March. Our thoughts are with all their families & friends. The New Year started with concerns over the shifting trends in the Western & Emerging economies caused by rising oil prices, increasing interest rates, rising unemployment, ...
-
Fourth Quarter 2010
Growth in exports at the start of the quarter was slow to pick up, pointing to the fact that the global economic recovery was still quite fragile. Consumer confidence was still weaker & that we were failing to sustain it at acceptable levels. Fears of Double dip recession were receding but worries in the Euro Zone debt crisis continued to heighten concerns on Toxic Debts and rising unemployment. Following the October National Holiday in China we ...
-
Third Quarter 2010
The news that China became the World’s second largest Economy, behind the USA, making China the 2nd largest driver of Global growth was received with a great deal of interest within the Recycling Industry. Japan’s second quarter GDP figures were at USD1.2 trillion whilst China was at USD1.33 trillion, with the 2009 GDP for USA at USD14 trillion. China’s growth has exceeded that of Germany, France, Great Britain and now ...