Coronavirus: 'Drop in Global Trade to be Worse than 2008 Crisis'
The prediction is from the World Trade Organization
The World Trade Organization (WTO) is predicting a severe decline in international commerce this year.
In a new report the WTO forecasts a contraction of between 13 percent and 32 percent this year. The wide range of possibilities reflects the uncertainties about the health crisis.
It says the impact on trade is likely to exceed the slump caused by the financial crisis just over a decade ago.
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