Source: UNCTAD
Original Date Posted: 5/13/2020
The coronavirus pandemic led to a 3% drop in global trade values in the first quarter of 2020. The downturn is expected to accelerate in the second quarter, according to UNCTAD forecasts, which project a quarter-on-quarter decline of 27%. Global trade values fell 3% in the first quarter of 2020 An estimated quarter-on-quarter decline of 27% is expected in the second quarter Commodity prices fell by a record 20% in March, driven by steep drops in oil prices
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