EDITION:

WTO goods trade indicator hits record low

News Service
12:3919/08/2020, Wednesday
U: 19/08/2020, Wednesday
REUTERS
A logo is pictured on the headquarters of the World Trade Organization (WTO) in Geneva, Switzerland, June 2, 2020.
A logo is pictured on the headquarters of the World Trade Organization (WTO) in Geneva, Switzerland, June 2, 2020.

The World Trade Organization said on Wednesday its goods trade barometer hit a record low of 84.5 points, suggesting global merchandise trade registered a historic fall in the second quarter of 2020.

"Additional indicators point to partial upticks in world trade and output in the third quarter, but the strength of any such recovery remains highly uncertain: an L-shaped, rather than V-shaped, trajectory cannot be ruled out," the WTO said on its website.

#World Trade Organization

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