Historic fall in World Trade in Q2, but recovery possible in Q3: WTO
Amid the COVID 19 pandemic, the world trade witnessed a historic fall of 18.5 percent in the 2nd quarter of this fiscal. This is at par with the financial crisis of 2008-09, however, there are chances of a possible recovery in the next quarter of the fiscal.
According to the Goods Trade Barometer of WHO, there are indications of L-shaped recovery in the subsequent fiscal i.e. the 2021 financial year.
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News Source: Business Line
Update by Suman Mondal