Friday , October 30 2020
Home / South China Morning Post / Coronavirus hit to global trade ‘deeper but not as long’ as thought, as WTO sees recovery under way

Coronavirus hit to global trade ‘deeper but not as long’ as thought, as WTO sees recovery under way

Summary:
[unable to retrieve full-text content]The coronavirus pandemic has caused a “deeper but less prolonged decline in trade” than initially expected, the World Trade Organization (WTO) said on Tuesday, as the Geneva-based body reduced its estimate for the contraction of global trade in 2020.The WTO said global trade was now set to shrink by 9.2 per cent this year, with growth of 7.2 per cent forecast for 2021.In April, when the effects of the pandemic on global supply chains were still uncertain, the WTO forecast that global trade…

Topics:
Finbarr Bermingham considers the following as important:

This could be interesting, too:

Jeffrey P. Snider writes Roaring GDP, So What’s That In The I

Tyler Durden writes The ACLU Is Suing Police Across The Country For “Brutality” In Response To Riots And Looting This Summer

Tyler Durden writes Nine COVID Controversies

Tyler Durden writes China Reveals First Glimpse Into Its Economic Plans For Next Five Years

[unable to retrieve full-text content]
The coronavirus pandemic has caused a “deeper but less prolonged decline in trade” than initially expected, the World Trade Organization (WTO) said on Tuesday, as the Geneva-based body reduced its estimate for the contraction of global trade in 2020.The WTO said global trade was now set to shrink by 9.2 per cent this year, with growth of 7.2 per cent forecast for 2021.In April, when the effects of the pandemic on global supply chains were still uncertain, the WTO forecast that global trade…

Leave a Reply

Your email address will not be published.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