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Global trade may plummet between 13% to 32%, WTO sees 'ugly' numbers

'These numbers are ugly - there is no getting around that,' World Trade Organisation Director-General Roberto Azevedo said

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The WTO also confirmed that 2019 had ended on a sombre note, with a 0.1% decline in goods trade, weighed down by trade tensions

BS Web TeamAgencies New Delhi
The World Trade Organization (WTO) fears goods trade would do worse than in the global financial crisis a decade ago before rebounding in 2021--if countries worked together to tackle the coronavirus pandemic.

The WTO said global trade would fall this year by between 13% and 32%, giving a wide range because so much about the economic impact of the health crisis was uncertain.


"These numbers are ugly - there is no getting around that," WTO Director-General Roberto Azevedo said in a statement