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.
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