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Update Date:2021-09-23

September 23 2021 GMT+8:00

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The WTO Upgrades Its Trade Forecast
  • Source:Bureau of Foreign Trade, Ministry of Economic Affairs
  • Published Date:2020-10-08
  • Effective Date:2020-10-08

The World Trade Organization has issued its revised 2020 trade forecast, predicting a 9.2% drop in world merchandise trade this year, but rebounding by 7.2% next year. The new figures suggest a lower drop in the merchandise trade but a longer recovery for trade in 2021 compared to the WTO's April prediction in which it predicted the world merchandise trade would decline 12.9% in 2020 but grow 21.3% in 2021. The WTO says it will be very difficult for trade to return to pre-COVID-19 pandemic levels and the future recovery is filled with variables.

Resource: https://www.wto.org/english/news_e/pres20_e/pr862_e.htm

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Subject: The WTO Upgrades Its Trade For...
Content: The World Trade Organization has issued its revised 2020 trade forecast, predicting a 9.2% drop in w...
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