Independent journal on economy and transport policy
18:10 GMT+1
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The World Trade Organization's barometric index is a storm
It marks 87.6, which is the lowest value since the indicator was adopted in July 2016
May 21, 2020
The WTO specified that the current barometer reading photograph a situation where the Covid-19 pandemic was in the process of and that shows no sign of resuming trade, measurement, the organization said, that is consistent with the world trade trends forecasts published 8, 2020, that trade in the WTO international trade could fall by between -13% and -32% depending on the duration of the health crisis and effectiveness responses.
The WTO recalled that world trade had already slowed down in 2019, before the pandemic, to which the persistent trade tensions and weakening economic growth. This had year-on-year decrease of -0.1% in trade world markets, with a particular weakening in the last quarter However, the WTO considers it unlikely to be the effect of coronavirus pandemic of which you only became aware in the latter part of the year.
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The WTO specified that the current barometer reading photograph a situation where the Covid-19 pandemic was in the process of and that shows no sign of resuming trade, measurement, the organization said, that is consistent with the world trade trends forecasts published 8, 2020, that trade in the WTO international trade could fall by between -13% and -32% depending on the duration of the health crisis and effectiveness responses.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
