Independent journal on economy and transport policy
11:44 GMT+2
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UNCTAD expects the value of world freight traffic to fall by -5.6% this year
The previous estimate indicated a decrease of -9%
December 9, 2020
On the other hand, as regards the value of world trade in services, UNCTAD estimates that there will be a likely decline this year -15.4% compared to 2019, a percentage that - if confirmed - would represent the biggest decline since 1990 (in 2009, due to the global financial crisis, trade in services had decreased by -9,5%). UNCTAD believes that this year's significant contraction the value of trade in services is mainly due to the collapse of activity in the travel, transport and tourism following the coronavirus pandemic.
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