• Second half trade faces many uncertainties.
  • Impact of global financial crisis persists.
  • Major economies plagued by serious debt problems.
  • China’s export competitiveness weakened.
  • Trade protectionism prevalent and spreading.
  • Foundation for trade rebound not solid.
  • Trade stabilizing at low level.
  • Trade limited by sluggish demand, rising costs.
  • Economic recovery in U.S. not stable yet.
  • China rising trade surplus due to slower import growth.
  • Import growth slowed as domestic demand cooled.
  • China 1st half growth was 3.7% of GDP.
  • Expects to achieve 10% growth in foreign trade this year if Europe crisis does not worsen.

Aud near session lows at 1.0178. Well after those statements guess we can get the usual slow growth expectations followed by the much discussed future rate cuts down the line .