Global trade will plunge almost 32 per cent in 2020 due to COVID-19 pandemic: WTO

The COVID-19 pandemic disrupts normal economic activity and life around the world.

Published: 08th April 2020 06:47 PM | Last Updated: 08th April 2020 06:50 PM | A+A A-

An invester watches the market reactions at BSE in Mumbai. (Photo | PTI)

By AFP

Global trade growth is expected to plummet by up to a third in 2020 due to the new coronavirus pandemic, the World Trade Organization said Wednesday, adding the numbers would be "ugly".

"World trade is expected to fall by between 13 percent and 32 percent in 2020 as the COVID-19 pandemic disrupts normal economic activity and life around the world," the WTO said in a statement.

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