“These Numbers Are Ugly” – WTO Forecasts Collapse In World Trade, Recovery For 2021


(From Zerohedge)

The World Trade Organization (WTO) published a new report on Wednesday that is truly apocalyptic, and crushes all hopes that a V-shaped recovery would be seen this year (similar to what Morgan Stanley said last week):

“World trade is expected to fall by between 13% and 32% in 2020 as the COVID 19 pandemic disrupts normal economic activity and life around the world,” the WTO report said.

Source: https://www.ac2news.com/2020/04/these-numbers-are-ugly-wto-forecasts-collapse-in-world-trade-recovery-for-2021/

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