WTO predicts world trade could fall by up to 32%

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April 09, 2020

A report published yesterday by the World Trade Organisation (WTO) says that world trade is expected to fall by up to 32% this year due to the disruption of economic activity caused by the Covid-19 pandemic. WTO economists predict the decline, which it says will range anywhere from 13% to 32%, will most likely be greater than the slump in trade during the global financial crisis of 2008.

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