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Your email address will not be published.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

Trump’s latest tariffs loom, set to deepen global trade war

President Donald Trump’s “reciprocal” tariffs on dozens of countries were set to…

Israel pauses attacks on Gaza as UN begins polio vaccinations

A pause in Israeli attacks on Gaza began on Sunday morning as…

Illegal Israeli settlers in northern West Bank uproot olive trees

Illegal Israeli settlers uprooted hundreds of centuries-old olive trees in Qaryut village…

NATO ready to have arms talks with Russia

Brussels: On Jan 12, NATO announced that it was willing to talk…