We inform you that on this website we use our own and third-party cookies to collect information about its use, improve our services and, where appropriate, display advertising by analyzing your browsing habits. You can expressly accept its use by pressing the "ACCEPT" button or configure and select the cookies you want to accept or reject in the settings. You can also get more information about our cookie policy here.

The global fashion business journal

Jul 18, 20249:49am

Coronavirus penalizes world trade: WTO predicts “weak” growth for the beginning of the year

The World Trade Organization (WTO) has explained that the volume of world merchandise trade fell by 0.2% in the third quarter of 2019.

Feb 20, 2020 — 7:26pm
Coronavirus penalizes global trade: WTO predicts “weak” growth for the beginning of the year



The coronavirus balks world trade. The World Trade Organization (WTO) has published the results of the third quarter of 2019, in which world trade fell by 0.2%. According to the organization, this trend will continue in the first months of this year weighted by the coronavirus.


The organization suggests that global trade is likely to continue down in early 2020 and that the new global threat to health could reduce it further. 


In fact, dozens of commercial order departures from Chinese ports have already been canceled due to a drop in the productivity of the country’s factories and shipping volumes. In parallel, many of the ships have started their route with a substantially lower load.


“All the signs are that there has been a major dislocation in global supply chains and commodity trade as well,” said Carlone Bain, chief economist at Capital Economics.

Participation rules



Validation policy for comments: 

MDS does not perform prior verification for the publication of comments. However, to prevent anonymous comments from affecting the rights of third parties without the ability to reply, all comments require a valid email address, which won’t be visible or shared.
Enter your name and email address to be able to comment on this news: once you click on the link you will find within your verification email, your comment will be published.

0 comments — Be the first to comment