Coronavirus outbreak may reduce international trade in goods by 20% in '20
22:03
An outbreak of coronavirus may reduce international trade in goods by 20 percent in 2020, the UN trade agenda UNCTAD assessed.
New UNCTAD data show that trade in goods dropped by 5 percent in the first quarter of the year and indicate 27 percent decrease in the second quarter and 20 percent annual decline in 2020.
"There is still considerable uncertainty about the possibility of economic recovery in the second half of the year," Pamela Coke-Hamilton, director of international trade of UNCTAD, wrote.
The latest UNCTAD data was presented in the Global Trade Update edition, a new quarterly report of the organization, presenting a comprehensive picture of international trade and the main problems affecting trade flows.
(PAP)
