No region was spared by an estimated 19% year-on-year plunge in world trade in the second quarter, as the Covid-19 pandemic disrupted economies, the UN Conference on Trade and Development (UNCTAD) said.
GENEVA: The value of global trade is set to fall by 7% to 9% in 2020 from the previous year, despite signs of a fragile rebound led by China in the third quarter, according to a United Nations report.
No region was spared by an estimated 19% year-on-year plunge in world trade in the second quarter, as the Covid-19 pandemic disrupted economies, the UN Conference on Trade and Development (UNCTAD) said.
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