Covid Crisis Drives Historic Drop in Global Trade - News Summed Up

Covid Crisis Drives Historic Drop in Global Trade


Global trade flows collapsed in the spring, marking the largest fall in two decades, as coronavirus lockdowns disrupted air and sea transport and dealt a blow to the demand for many consumer and investment goods. In more recent weeks, signs have emerged of a rebound in the movement of goods across national borders. But the enormous economic and social disruptions caused by the pandemic are expected to reshape global trade in the longer term.


Source: Wall Street Journal August 25, 2020 15:21 UTC



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