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Update Date:2024-04-23

April 23 2024 GMT+8:00

:::
WTO Says Trade Decline in First Half of 2020
  • Source:International Trade Administration, Ministry of Economic Affairs
  • Published Date:2022-01-13
  • Effective Date:2020-07-16

The World Trade Organization (WTO) released a revised trade projection where it said the government responsive policies has stopped global trade from sinking to a predicted worst-case scenario in April that international trade could fall 32%.   

Additionally, the WTO estimated that global trade in merchandise dropped 3% in the first quarter and fell 18.5% in the second. If trade were to grow by 2.5% per quarter for the rest of the year, it is very likely to meet the optimistic projection of minus 13% in April. 

However, the WTO highlighted “monetary, fiscal and trade policy will all need to keep pulling in the same direction” for output and trade to rebound in 2021.  

Source:https://www.wto.org/english/news_e/pres20_e/pr858_e.htm

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Subject: WTO Says Trade Decline in Firs...
Content: The World Trade Organization (WTO) released a revised trade projection where it said the government ...
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