GENEVA (Xinhua): World merchandise trade is expected to fall by 9.2 per cent in 2020, followed by a 7.2-per cent rise in 2021, the World Trade Organization (WTO) said on Tuesday (Oct 6) in its revised trade forecast.
In April, the WTO had predicted a decline in the volume of world merchandise trade for 2020 between 13 per cent and 32 per cent as the Covid-19 pandemic disrupted normal economic activity and life around the world.
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