Trade finance dwindles in 2012

Benchmarking

Friday, January 20, 2012

New research by the International Chamber of Commerce and International Monetary Fund has revealed a pessimistic outlook for demand for trade finance products like letters of credit in 2012, with the euro crisis largely to blame. Based on input from 337 financial institutions responding to a joint ICC-IMF survey , the findings show emerging Asia has the strongest outlook globally while the euro area is the weakest. Results of the survey were released Thursday by the U.S. Co...

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