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Your email address will not be published.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

China defends stance on Ukraine war

On Sunday, Foreign Minister Wang Yi defended China’s stance on the war…

Egypt is hopeful of Gaza ceasefire deal in coming days: Sisi

Egyptian President Abdel Fattah el Sisi said that he is hopeful for…

Italy tightens restrictions to control Omicron

Rome: On Dec 23, the PM Office of Italy said that it…

UN rights monitor welcomes Brazil’s inquiry into Israeli soldier’s actions in Gaza

UN special rapporteur for the Palestinian territories Francesca Albanese said legal action…