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Coronavirus: WTO warns global trade on the brink as pandemic wreaks havoc on supply chains

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[unable to retrieve full-text content]Global trade is “likely to fall precipitously in the first half of 2020” thanks to collapses in the automotive sector, container shipping and export orders, according to a report released by the World Trade Organisation on Wednesday.The Global Trade Barometer plunged to 87.6, its lowest reading since launching in 2016. The baseline index is 100, with a reading below that suggesting a contraction.The quarterly release from the Geneva-headquartered World Trade Organisation (WTO) is based on…

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[unable to retrieve full-text content]
Global trade is “likely to fall precipitously in the first half of 2020” thanks to collapses in the automotive sector, container shipping and export orders, according to a report released by the World Trade Organisation on Wednesday.The Global Trade Barometer plunged to 87.6, its lowest reading since launching in 2016. The baseline index is 100, with a reading below that suggesting a contraction.The quarterly release from the Geneva-headquartered World Trade Organisation (WTO) is based on…

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