A Weakening Global Economy Interrupts Agricultural Trade

摘要

The financial sector turbulence originating in the United States has had a ripple effect worldwide, curbing economic growth in nearly every country. Slower growth and weaker currencies in emerging markets have reduced U.S. competitiveness and agricultural exports in the short term. At the same time, reduced consumer spending domestically is dampening U.S. import growth. Despite the current downturn, world food demand remains stable, and demand for U.S. exports is expected to recover as developing-country growth resumes in the longer term.