World trade is showing signs of recovery after the slowdown caused by the Covid-19 pandemic, but the recovery still remains uncertain, according to a report from the World Trade Organization, WTO. The global entity’s new world trade volume projections are for a decrease of 9.2% for 2020 followed by a 7,2% increase next year.
Global trade growth is on track to slide further the first quarter of 2019, the World Trade Organization said. WTO in September said it expects world merchandise trade growth will slow to 3.7% this year down from 3.9% in 2018.