Global trade to fall by record 27% due to Covid-19, says UN
by Phillip Inman from Economics | The Guardian on (#53DZF)
Data reveals pandemic has caused severe decline in supply and demand for products
Global trade is forecast to fall by a record 27% in the second quarter of the year after a slump in the export of cars, machine parts and oil.
The coronavirus pandemic has hit the supply and demand for products across the world leading to a severe decline in world trade, said Unctad, the United Nations organisation that tracks trade flows.
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