US Ex-Im, interest rates: the perfect storm for US exporters
As the Fed prepares to make an announcement on US interest rates this week, spare a thought for the interests of US exporters. Already hit by the withdrawal of support from the Export-Import Bank of the United States (US Ex-Im), the export credit agency of the US government, a hike in rates could be the final straw reversing the US’ sustained export-led recovery following the crisis, as well as catalysing further declines in the provision trade finance globally.
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