The Global Trade Barometer plunged to 87.6, its lowest reading since launching in 2016. The baseline index is 100, with a reading below that suggesting a contraction. Photo: Xinhua
The Global Trade Barometer plunged to 87.6, its lowest reading since launching in 2016. The baseline index is 100, with a reading below that suggesting a contraction. Photo: Xinhua

Coronavirus: WTO warns global trade on the brink as pandemic wreaks havoc on supply chains

  • The World Trade Organisation’s leading trade index showed that global trade faced unparalleled challenges in the first quarter thanks to the coronavirus pandemic
  • Beijing is braced for a demand shock later in the second quarter, with job losses and shutdowns in Western markets set to cripple imports from China

The Global Trade Barometer plunged to 87.6, its lowest reading since launching in 2016. The baseline index is 100, with a reading below that suggesting a contraction. Photo: Xinhua
The Global Trade Barometer plunged to 87.6, its lowest reading since launching in 2016. The baseline index is 100, with a reading below that suggesting a contraction. Photo: Xinhua
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