Mon, May 16, 2022 @ 19:31 GMT
HomeLive CommentsWTO goods trade barometer dropped to record low 84.5

WTO goods trade barometer dropped to record low 84.5

WTO’s Goods Trade Barometer dropped to 84.5, -15.5 pts below baseline value of 100. That’s also the lowest on record dating back to 2007, “on part with the nadir of the 2008-09 financial crisis”.

“Additional indicators point to partial upticks in world trade and output in the third quarter, but the strength of any such recovery remains highly uncertain: an L-shaped, rather than V-shaped, trajectory cannot be ruled out,” WTO added.

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