Tue, Dec 01, 2020 @ 02:05 GMT
Home WTO Good Trade Barometer jumped to 100.7, but growth likely to slow...

WTO Good Trade Barometer jumped to 100.7, but growth likely to slow in Q4

WTO said it’s Good Trade Barometer marked a dramatic improvement to 100.7. It hit a low at 84.5 back in August, ” which reflected collapsing trade and output in the second quarter as lockdowns and travel restrictions were employed to fight the virus”.

It added, “the latest reading indicates a strong rebound in trade in the third quarter as lockdowns were eased, but growth is likely to slow in the fourth quarter as pent-up demand is exhausted and inventory restocking is completed.”.

However, trade-related uncertainty “remains high” with a seconGd wave of pandemic underway in Europe and North America. But progress has been reported in vaccine development as a “more positive note”.

Full release here.

Featured Analysis

Learn Forex Trading