The World Trade Organization (WTO) issued a report stating that global trade is expected to decrease by up to 32% this year due to the disruption of economic activity caused by the COVID-19 pandemic.
Roberto Azevêdo, WTO director-general, stated that “This crisis is first and foremost a health crisis which has forced governments to take unprecedented measures to protect people’s lives. The unavoidable declines in trade and output will have painful consequences for households and businesses, on...
https://safety4sea.com/wto-world-trade-could-fall-by-up-to-32/