Global Cotton Baseline 2008-09 - 2018/19
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ECONOMIC FUNDAMENTALS
– Real GDP growth is projected at -2.16% in 2009 for developed countries before it
slowly recovers to about 2.3% per year. Developing economies, on the other
hand, are projected to grow by 2.6% in 2009 before they recuperate to an average
of 5.3% thereafter.
– A more favorable exchange rate between the Chinese yuan and the U.S. dollar will
allow for U.S. cotton to be more affordable to China’s cotton textile industry.