- WTO reported that world trade is expected to fall by up to 32% in 2020 due to COVID-19.
- It can range anywhere from 13% to 32%, greater than the slump in trade during the global financial crisis of 2008.
- All regions will suffer a decline in trade volumes, with North America and Asia hit hardest.
- The immediate goal is to bring the pandemic under control.
- It also urged policymakers to start planning for the aftermath of the pandemic.
- The strength of the recovery is uncertain and outcomes will...
http://mfame.guru/covid-19-wto-predicts-world-trade-to-fall-by-32/