Independent journal on economy and transport policy
11:24 GMT+1
This page has been automatically translated by Original news
In the second quarter, the value of world trade is expected to fall by -27%
Due to the coronavirus pandemic, in the first quarter of this year this value decreased by -3%
May 13, 2020
According to the report, the decline in global trade accompanied by marked decreases in commodity prices, that have dropped rapidly since last December. The document specifies that the FMCPI, the consumer price index UNCTAD that measures commodity price movements exporting from developing economies, lost 1.2% of its 8.5% in February and marked a dramatic decline in january 20.4% in March. UNCTAD pointed out that the fall in prices fuels has been the main driver of the strong decline being down -33.2% in March, while minerals, minerals, metals, food and agricultural raw materials are decreased by less than -4%.
UNCTAD pointed out that contraction of more than -20% commodity prices in March represents a record high in the FMCPI's history and that, in comparison, during the financial crisis 2008's maximum monthly reduction was 18.6%. At that time - recalled UNCTAD - the decline was six months, while worrying that they remain the duration and overall strength of the current downward trend in commodity prices and trade Global. UNCTAD also pointed out that before the pandemic Covid-19 caused a free fall in trade international trade, from the end of 2019 global commodities showed modest signs of recovery.
An uncertainty that worries the Un Nations body. "Everywhere," pointed out the Secretary-General of UNCTAD, Mukhisa Kituyi - governments are driven to make decisions to allow a post-Covid-19 recovery that have long-lasting consequences Duration. Such decisions should be based on the best information and data available.' Kituyi then emphasised the importance of collecting facts and data support the response to the pandemic made by so many organisations under the coordination of UNCTAD and announced that UNCTAD will soon publish with regularity monthly estimates that will provide forecasts quarterly on global trade.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
According to the report, the decline in global trade accompanied by marked decreases in commodity prices, that have dropped rapidly since last December. The document specifies that the FMCPI, the consumer price index UNCTAD that measures commodity price movements exporting from developing economies, lost 1.2% of its 8.5% in February and marked a dramatic decline in january 20.4% in March. UNCTAD pointed out that the fall in prices fuels has been the main driver of the strong decline being down -33.2% in March, while minerals, minerals, metals, food and agricultural raw materials are decreased by less than -4%.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
