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