‘World trade may remain below 90% of pre-pandemic level’
22:10
World trade may remain below 90 percent of its pre-pandemic level, even after lifting the blockades and gradually reviving the economy in the second half of 2020, says Euler Hermes, a Paris-headquartered credit insurer that is currently a subsidiary of financial services firm Allianz.
Experts analyzing together the impact of blockades and gradual uncoordinated re-opening predict that the Covid-19 crisis and its consequences eliminate trade in goods worth USD 2.4 trillion and trade in services worth USD 1.1 trillion.
According to Euler Hermes, the computer and electronics, metal and mining, transport and electrical equipment sectors are most at risk of long-term interference when lifting restrictions.
(ISBnews)
