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Global trade recovery from coronavirus shock may have ‘peaked’, as WTO says outlook ‘overshadowed by downside risks’

A strong recovery in global merchandise trade from the shock of the coronavirus pandemic in 2020 may have peaked and its impending deceleration could be worsened by new virus outbreaks across the world, the World Trade Organization (WTO) said.The WTO’s goods trade barometer hit 110.4 in its latest reading, the highest figure since the quarterly indicator was first released in 2016, and up more than 20 points compared to the same time last year.The latest reading contrasts sharply to the index…

Read the original article at South China Morning Post

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