In what could have an adverse impact on India’s exports, the World Trade Organization (WTO) has warned the growth rate in global merchandise trade is likely to slow down during October-December this year as several countries impose fresh lockdowns in light of the second wave of Covid-19.
“... growth in (global trade) is likely to slow in the fourth quarter (October-December, or Q4) as pent-up demand is exhausted and inventory restocking is completed,” the WTO said in its latest report.
It said trade-related uncertainty remains high. “A second wave of Covid-19 infection is already underway in Europe and North America, leading to