Saturday , May 30 2020
Home / South China Morning Post / Coronavirus: WTO warns global trade on the brink as pandemic wreaks havoc on supply chains

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

Summary:
[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…

Topics:
Finbarr Bermingham considers the following as important:

This could be interesting, too:

Tyler Durden writes Hong Kongers Scramble To Swap Their Currency For US Dollars As ‘Special Status’ Threatened

Mike Shedlock writes Protesters Attack CNN, Smash Cars in Atlanta and LA

Tyler Durden writes NYPD Precint Attacked, “Officers Down” As Rioters Storm CNN HQ In Atlanta During Second Night Of Nationwide Protests

Tyler Durden writes Three Ways Lockdowns Are Costing Human Lives

[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…

Leave a Reply

Your email address will not be published. Required fields are marked *