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The latest IMF economic outlook report is far from optimistic:

   The global economy is in a severe recession inflicted by a massive financial crisis and acute loss of confidence. While the rate of contraction should moderate from the second quarter onward, world output is projected to decline by 1.3 percent in 2009 as a whole and to recover only gradually in 2010, growing by 1.9 percent. Achieving this turnaround will depend on stepping up efforts to heal the financial sector, while continuing to support demand with monetary and fiscal easing.   The 195 page (summary) version with detailed analysis and tables can be found under http://www.imf.org/external/pubs/ft/weo/2009/01/pdf/text.pdf   For a quick impression you will find attached, the executive summary (notably see the first two sections), the ’table of contents’ and some representative or indicative tables. Special attention can also be given to the boxes 1.1 (p.11 +),1.2 (p.20+) and 1.4 (p.34). This IMF report is of course all expressed in financials, also for trade and not in (cargo) volumes.   D 3302