A slowdown in the developing world
Economic growth is slowing in China, Brazil and other major developing nations that had been the star performers of the global system — even as the United States, Europe and other developed economies continue to sag. The exports of developing countries, for example, are expanding at a declining pace. The International Monetary Fund recently cut its forecasts for global trade, trimming a full percentage point from the expansion in exports that had been expected for developing countries. Read related article.