• WTO: Global trade slowdown this year not likely to witness worst-case scenario of 32% decline

Market news

23 June 2020

WTO: Global trade slowdown this year not likely to witness worst-case scenario of 32% decline

  • Trade would only need to grow 2.5% per quarter to reach optimistic scenario

  • Rapid government aid helped to avoid worst-case downturn in trade

  • Sees trade growth in 2021 more in the range of 5% to 20%

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UK Manufacturing PMI unexpectedly rose above 50 points in June
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