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WTO: international trade is resisting the coronavirus crisis better than expected

WTO: international trade is resisting the coronavirus crisis better than expected

The World Trade Organization forecasts only a 9.2% decline in international trade this year before rebounding 7.2% next year. The public support measures made it possible in particular to avoid a darker scenario. Global trade should avert catastrophe. “International value chains and global trade have proven to be resilient,” said Robert Koopman, chief economist of the World Trade […]