World Trade

Global trade soars in first quarter, but services still in doldrums

Global trade bounced back to a record high early this year, although service industries are still a shadow of their pre-pandemic selves, UN economists UNCTAD said on Tuesday.

IMF: ‘Less severe’ but ‘still deep’ recession predicted

In the shadow of the COVID-19 pandemic and its continuing impact, the global economy could see a “somewhat less severe, though still deep” recession through 2020, the International Monetary Fund (IMF) has projected in its latest global economic outlook. 

Global trade amid COVID-19: Signs of rebound, but recovery uncertain

Global trade is showing signs of bouncing back from a deep, COVID-19-induced slump, the World Trade Organization (WTO) has said, with the caveat that any recovery could be badly disrupted by the future course of the pandemic and how societies react. 

Trade in many developing countries projected to ‘nosedive’, warns UNCTAD

Trade in many developing countries is expected to take a “nosedive” in the second quarter of 2020, owing to the unprecedented effects of the coronavirus pandemic, UN economists said on Tuesday.