The negative trend could be accentuated by the impact of the coronavirus on the economy
February 17, 2020
The WTO explained that in the third quarter of 2019, the volume world trade in goods fell by -0.2% compared to at the same time last year and if the figure for the quarter of 2019 could result in slight growth, the last reading of the barometer does not provide any indication of an obvious recovery. The World Trade Organization has pointed out that, in fact, in the first quarter of 2020, trade growth could once again return to trend that can only be confirmed june when the statistical data will be available Official.
The WTO has disclosed that the deterioration detected by the barometer As of November, it was mainly produced by the further decline in shipping indices containerized seafarers, an index that was 94.8, and agricultural raw materials (90.9) as well as flattening the automotive product index (100.0). Specifying that export order indices (98.5), air freight transport (94.6) and components (92.8) are all below the base value but are appear to have stabilised and, as a rule, in the coming months WTO pointed out that, however, every component of the Goods Trade Barometer will be affected impact of the coronavirus on the economy and the effectiveness of efforts to cure and contain the disease.
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