Global | Coronavirus is crushing world trade

Ipad Frame (8)


What you'll learn

  • The coronavirus pandemic is set to have a massive impact on world trade.
  • Steep falls in industrial output will hit trade in goods hard, while the unusually
    service-driven nature of the emergent recession also means services trade will
  • We think total world trade in goods and services could fall by 10%-15% in 2020, compared to a 10% decline in 2009 during the global financial crisis.

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