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Global trade fell by 3% due to COVID-19
May 14, 2020
The worldwide outbreak of the coronavirus has led to a 3% fall in the global trade in 2020 and this fall is expected to continue for the next few months. The United Nations Conference on Trade and Development stated that decrease in global trade is due to a decrease in commodity prices.
The report is made of cooperation between the worldwide information network and national statistical places of work and systems around the world.
The coronavirus pandemic cut worldwide exchange values with the aid of 3% within the first quarter of this year, in line with the state-of-the-art data published inside the joint report by way of 36 worldwide organizations.
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