Open Demo Account
Home / Market Update / WTO: Global Trade Was Hit by COVID-19

WTO: Global Trade Was Hit by COVID-19

M. Ali 25 July, 2020 12:44 am Market Update

A recent report by the World Trade Organization (WTO) showed that global trade was negatively impacted by the restrictions imposed against the coronavirus disease (COVID-19).

The WTO previously estimated an 18% drop in trade around the world during the second quarter (Q2) of 2020.

“Although the full impact of the pandemic is not yet reflected fully in trade statistics, it is expected to be very substantial”

WTO Director-General, Roberto Azevedo, said, as Quoted by Reuters.

Tags

Check Also

OPEC+ and the Future of Oil Markets: Critical Decisions Await

As OPEC+ prepares for its December 1 meeting, several pressing issues will dominate the agenda, …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends