Global trade in goods will likely be weak in coming months as disruptions from the coronavirus outbreak stanch the movement of international commerce.
outbreak in China stanch the movement of international commerce already slowed by tariffs and uncertainty, according to the World Trade Organization.
The volume of world merchandise trade was down 0.2% in the third quarter last year compared with a year earlier, according to the organization.“The latest barometer reading provides no indication of a sustained recovery,” it said. “Indeed, year-on-year trade growth may fall again in the first quarter of 2020, though official statistics to confirm this will only become available in June.”
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