Reuters reports that the World Trade Organization said that global goods trade had rebounded sharply in the third quarter from COVID-19 lockdowns.

Goods trade barometer had surged to 100.7 points from a record low of 84.5 points in August, the WTO said.

"The latest reading indicates a strong rebound in trade in the third quarter as lockdowns were eased, but growth is likely to slow in the fourth quarter as pent-up demand is exhausted and inventory restocking is completed," the WTO said.