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Home > Reports and Documents > Global trade continues nosedive, UNCTAD forecasts 20% drop in 2020 > Global trade continues nosedive, UNCTAD forecasts 20% drop in 2020

Global trade continues nosedive, UNCTAD forecasts 20% drop in 2020 [1]

International trade in goods is expected to continue its nosedive in the coming months as economies struggle to recover from lockdown measures used to slow the COVID-19 outbreak. New UNCTAD data published on 11 June show that merchandise trade fell by 5% in the first quarter of the year and point to a 27% drop for the second quarter and a 20% annual decline for 2020. The latest UNCTAD figures were featured in the first edition of the Global Trade Update, the organization’s new quarterly report providing a comprehensive snapshot of international commerce and the main issues affecting trade flows.

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Publication Date: 
11/06/2020
UNCTAD [3]
Tags:
Global [4], Coronavirus [5], Trade [6], Economy [7]
Centre for Science and Environment
National Knowledge Commission Government of India

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Source URL: http://admin.indiaenvironmentportal.org.in/reports-documents/global-trade-continues-nosedive-unctad-forecasts-20-drop-2020

Links:
[1] http://admin.indiaenvironmentportal.org.in/reports-documents/global-trade-continues-nosedive-unctad-forecasts-20-drop-2020
[2] http://www.indiaenvironmentportal.org.in/files/file/global-trade-update.pdf
[3] http://admin.indiaenvironmentportal.org.in/category/publisher/unctad
[4] http://admin.indiaenvironmentportal.org.in/category/thesaurus/global
[5] http://admin.indiaenvironmentportal.org.in/category/thesaurus/coronavirus
[6] http://admin.indiaenvironmentportal.org.in/category/thesaurus/trade
[7] http://admin.indiaenvironmentportal.org.in/category/thesaurus/economy