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11 July 2020 The on-line newspaper devoted to the world of transports 11:54 GMT+2



June 23, 2020

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Original news
WTO, in the second quarter, world trade the biggest drop ever

Azevido: there is an important positive aspect: could have been more marked

If in the first quarter of this year the volume of trade global trade fell by -35 on an annual basis, first estimates for the second quarter, when the pandemic coronaviruses and their blocking measures have affected a large number of part of the world's population, indicate that over the period world trade fell by around -18.5%. He has World Trade Organization (WTO) announced that if these decreases are historically pronounced, however, the trade contraction could have been more Relevant.

The WTO recalled that on 20 April, forecasts of global trade trends 2020, given the high degree of uncertainty about the severity and the impact of the pandemic on the economy had been defined scenarios: a relatively optimistic one under which the volume trade will fall by -13% and the other, pessimistic view that the contraction will be -32%. The WTO noted that, at present, if world trade expected to grow by 2.5% per quarter for the remainder of the year of the year to meet the optimistic projection, however, looking at 2021, negative developments, including a second wave pandemic, weaker economic growth than the or widespread use of trade restrictions, could be trade development is lower than expected in the first time. Earlier.

"The decline in trade we are seeing - explained the general manager of the WTO, Roberto Azevido - it is historically relevant, and indeed should be the most never recorded. But - he pointed out - there is a important positive aspect: it could have been more Marked. This is really good news, but we can't be smug. Policy decisions have been key to mitigate the severe blow on production and trade and -- has observed Azev-do - will continue to play a role important in determining the pace of economic recovery. In order for production and trade to recover relevant fiscal, monetary and trade policies in 2021 they will have to keep going in the same direction."




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