WTO: Global trade volume reached record low level in June
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.
