Thus, the US slowdown affects European exports in two ways.

The past three months, however, have seen a significant slowdown in China s exports, domestic investment, industrial output, and tax revenues.

Excluding China, there was a general slowdown in growth of service imports by developing countries, mirroring a lower growth rate in their exports.

The economy experienced a slowdown in 2005, but in 2006 recovered to the fastest pace in six years on the back of increased exports and strong investment.

However, domestic demand will retain some of its momentum and will partially compensate for the slowdown in the exports of the region's net fuel importing countries.

A combination of negligible (or even negative) growth in Europe and a significant growth slowdown in the United States has now created that loss, undermining emerging economies exports.

Indeed, the latest data from Germany declining exports, falling factory orders, anemic industrial production growth, and a slide in investors confidence suggest that the slowdown has started.

And, in our globally integrated world, the slowdown in Europe will exacerbate the slowdown in the US, and vice versa.

Containing China s Slowdown

Some slowdown is expected in the economies of South eastern Europe in 2005, but growth will remain stronger than in the new EU members, supported by both strong exports and domestic demand, especially investment.

And exports of raw materials to China, India, Europe, and the US a key factor in Africa s recent growth surge may suffer simply because the global slowdown means less consumption everywhere.

In China, the economic slowdown underway is unmistakable.

Long Live China s Slowdown

So, in 2007, everyone expected a construction led slowdown.

As they prepare for the coming Chinese slowdown and seek to minimize the risk of regional destabilization, Asian economies must strengthen domestic demand and reduce excessive reliance on exports to China.

Moreover, a recession or a slowdown in the US and Europe would hit Brazilian exports, narrowing Brazil s trade surplus considerably. In fact, although America s trade significance has diminished, accounting for only 16 of Brazilian exports last year, Brazilian trade and growth typically go hand in hand with the US and Europe historically they have never decoupled.

Hopes that a US economic recovery will boost demand and investment in Latin America are likely to be dashed US investment will probably flow elsewhere. China s economic slowdown will also dampen prices for exports, including commodities.

Even in the case where the direct effect is small the decoupling assumption the US slowdown still can have a substantial net impact on European exports because of its indirect effect on Asian imports from Europe.

The most immediate threat is the slowdown in the advanced economies.

The policy response to the slowdown in investment differs across countries.

A major slowdown seems to be looming.

Exports

Exports

Within China, the current slowdown is mostly homemade.

SHANGHAI Everyone is talking about China s economic slowdown.

The impending global slowdown has intensified protectionist pressures.

A slowdown in one is bound to produce a slowdown in the other and in the major emerging economies, which, until now, could sustain high growth in the face of sluggish performance in the advanced economies.

BEIJING The slowdown of China s economy has captured the headlines in recent weeks.

An economic slowdown will exacerbate all our financial problems.

(b) Exports

Merchandise exports

1. Exports

Exports Imports

quot Exports

Exports c

The former would exacerbate the country s slowdown, and neither change is in the cards.

With the exception of Qatar, this led to an increase in the share of oil exports in total 2004 exports.

So a recession in Europe would cause a slowdown in China s export dependent economy as well.

Merchandise exports declined marginally in dollars, but rose by 6.3 per cent in rand, despite a drought related decline in agricultural exports. 57

The continent s economies experienced a slowdown, but not a recession.

A further slowdown in China and other emerging economies is another risk to financial markets.

Indeed, a key reason for China s slowdown in 2011 2012 is that officials wanted it.

In fact, intra firm exports (from parent firms to affiliates) account for about 30 per cent of total exports and of manufactured exports of United States parent firms, as well as an equal share of total exports in the case of Japanese controlled firms.

(c) Imports exports

2. Import exports