WTO gives somber outlook for global trade, sees virus threat
Global Economy
17 February, 2020, 06:40 pm
Last modified: 17 February, 2020, 06:41 pm
A traffic light is turned red in front of the WTO headquarters in Geneva, Switzerland, December 10, 2019. REUTERS/Denis Balibouse
Growth of global trade in goods is likely to remain weak in early 2020, the World Trade Organization (WTO) said on Monday, adding that the below-trend performance could be reduced even further by the new coronavirus.
The WTO said that, based on a decline of its trade outlook indicator, year-on-year merchandise trade growth may fall again in the first quarter of 2020.
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