According to the world trade organization, the volume of world merchandise trade in June fell to its lowest level since 2007, corresponding to the lowest level during the 2008-09 financial crisis. According to the WTO, “such a huge economic impact from the new crown epidemic means that the expectation of a strong V-shaped rebound in Global trade in 2021 may be a bit too optimistic.”. According to the WTO report, world trade and economic output increased locally in the third quarter, but there is still a “high degree of uncertainty” in the intensity of any similar recovery. < p > < p > the latest forward-looking trade barometer value of the WTO is 84.5, 87.6 in May and 95.5 in February. < / P > < p > a value of 100 indicates that the growth of the next quarter is in line with the medium-term trend, and a value higher or lower than 100 indicates that the growth exceeds or falls short of the recent trend, respectively.