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Every component of the
Goods Trade Barometer, which provides real-time information on the trajectory of world trade relative to recent trends, will be influenced by the economic impact of COVID-19 and the effectiveness of efforts to treat and contain the disease,”
says the World Trade Organization (WTO).
The Geneva-based body’s latest forward-looking Goods Trade Barometer stood at 95.5, compared with a level of 96.6 in November.
The WTO goes on to say that global trade in goods will likely remain weak in coming months as disruptions from the coronavirus outbreak in China stanch the movement of international commerce already slowed by tariffs and uncertainty.
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