Don’t miss the latest developments in business and finance.

Global trade will plunge by up to a third in 2020 amid pandemic: WTO

Image
AFP Geneva
Last Updated : Apr 08 2020 | 6:50 PM IST

Global trade growth is expected to plummet by up to a third in 2020 due to the new coronavirus pandemic, the World Trade Organization said Wednesday, adding the numbers would be "ugly".

"World trade is expected to fall by between 13 percent and 32 percent in 2020 as the COVID-19 pandemic disrupts normal economic activity and life around the world," the WTO said in a statement.

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Apr 08 2020 | 6:50 PM IST

Next Story