World Trade

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.

Swift rebound for world trade still possible through joint action to thwart coronavirus

Global trade in goods could fall by as much as a third this year due to the ongoing COVID-19 pandemic, but a swift rebound in 2021 is possible if the world’s economic policymakers – working together – act immediately, the World Trade Organization (WTO) said on Wednesday.