Great export opportunities

Although the world economies are slowing down significantly, the IMF(1) predicts in its latest outlook report, dated October 2008, that real GDP will grow strongly in many emerging countries including those of Emerging Europe, CIS, Turkey, the Middle East and Africa.

Annual percent change in GDP

Region /FY2008 /FY2009

USA /+1.6% /+0.1%
EU /+1.3% /+0.2%
Japan /+0.7% /+0.5%
CIS (2) /+7.2% /+5.7%
Emerging Europe (3) /+5.0% /+3.5%
Turkey /+3.5% /+3.0%
Middle East /+6.4% /+5.9%
Africa /+5.9% /+6.0%
(Source: IMF)

Most of the growth in these emerging countries is being attributed to robust domestic demand boosted by terms-of-trade gains in most countries in the region, expansionary macroeconomic policies and activity in non-oil sectors.

Therefore if your company is not making the most of the growth in these regions we strongly advise that you start revising your export strategy accordingly.

For more information and or assistance regarding growth opportunities in the above mentioned regions, please contact Christian B. Chahine – MDT International at cchahine@mdtinternational.eu or Ph: (949) 500-6298 in Laguna Beach, CA.

Notes:
(1) World Economic Outlook (WEO) – Financial Stress, Downturns, and Recoveries – October 2008
(2) CIS – Commonwealth of Independent States – (Former Soviet Union States)
(3) Emerging Europe: Baltics, Central Europe, Southern and South-Eastern Europe