Published: 11:33 AM, 19 August 2020
Janomot report: The World Trade Organization said on Wednesday its goods trade barometer hit a record low of 84.5 points, suggesting global merchandise trade registered a historic fall in the second quarter of 2020.
The World Trade Organization (WTO) said the trade barometer hit a record low of 84.5 points, signaling that international trade experienced a historic slump in the second quarter of this year. ‘year.
“Further indicators point to a partial improvement in the situation regarding international trade and production in the third quarter, but the extent of a possible recovery remains very uncertain: an ‘L’ rather than ‘V’ trajectory is not excluded”, yes reads on the WTO website.