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29 May 2020 The on-line newspaper devoted to the world of transports 11:10 GMT+2



May 21, 2020

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Original news
The World Trade Organization's barometric index marks Storm

Marks 87.6, which is the lowest value since The indicator was adopted in July 2016

If in mid-February the barometer devised by the World Trade Organization (WTO) to assess trade performance worlds was fixed on rain ( 17 February 2020), now the hand is on storm, but in the graphics proposed by the WTO it looks like that if it hadn't come to the bottom race, would probably warn of an even more Catastrophic. At present, the index, in fact, which is the result combination of trend indices of components such as export orders, international air transport, containerized shipping, the production and sale of cars, electronic components and agricultural raw material, marks 87.6, which is well below the base value 100 and is the lowest value since the indicator was adopted in July 2016.

The WTO specified that the current barometer reading photograph a situation where the Covid-19 pandemic was in the process of and that shows no sign of resuming trade, measurement, the organization said, that is consistent with the world trade trends forecasts published 8, 2020, that trade in the WTO international trade could fall by between -13% and -32% depending on the duration of the health crisis and effectiveness responses.

The WTO recalled that world trade had already slowed down in 2019, before the pandemic, to which the persistent trade tensions and weakening economic growth. This had year-on-year decrease of -0.1% in trade world markets, with a particular weakening in the last quarter However, the WTO considers it unlikely to be the effect of coronavirus pandemic of which you only became aware in the latter part of the year.




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