COVID-19 triggers marked decline in global trade, new data shows

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

For full article click here