Study Shows Falloff in Confidence Among Exporters
Exporter confidence retreated from its spring rebound due to renewed concerns about the global economy and Europe's fiscal struggles, said a semi-annual survey of Canadian exporters and investors released by Export Development Canada (EDC). "Since the fall of 2009, bullish…
Sign up for a free preview to unlock the rest of this article
If your job depends on informed compliance, you need International Trade Today. Delivered every business day and available any time online, only International Trade Today helps you stay current on the increasingly complex international trade regulatory environment.
exporter sentiment in the spring has given way to pessimism in the fall every year," said EDC Chief Economist Peter Hall. "Volatility is also likely a by-product of global pessimism, which has prompted quick overreactions to negative developments." But he said: "Given the pitiful state of global confidence, Canadian exporters remain surprisingly upbeat."