Image Credits: Meeting Media Group

GENEVA, Oct 21 (Xinhua/APP): A UN report on Wednesday forecast a 7 percent to 9 percent year-on-year drop in the value of global trade in 2020, despite signs of a weak rebound in the third quarter led by a recovery in China.

In the latest quarterly report of the UNCTAD the Geneva-based trade body estimates world trade to be about 5 percent less in the third quarter than the same period in 2019,

Leave a Reply

Your email address will not be published. Required fields are marked *

You May Also Like

Pakistan condoles over loss of lives due to earthquake in Türkiye

Pakistan has extended its condolence to Turkiye over the loss of lives…

Omicron is now the most dominant variant of Covid-19: reports

The Omicron variant of the coronavirus is now the most dominant strain…

US imposes sanctions on Russian military’s supply chains

On Monday, the US imposed new sanctions aimed at disrupting the Russian…

Qatar criticizes UN Security Council’s failure to recognize Palestinian membership

Qatar expressed regret over the UN Security Council’s failure to adopt a…