WTO: Global trade rebound is possible in 2021

WTO: Global trade rebound is possible in 2021
Global trade could rebound to its pre-crisis level in 2021, said World Trade Organization (WTO) Director General Roberto Azevedo at a virtual briefing from Geneva, Switzerland. He explained that it will depend on the duration of the coronavirus pandemic and the effectiveness of policy responses of different countries.

If the pandemic is brought under control relatively soon, and the right policies are in place, trade and output could rebound nearly to their pre-pandemic trajectory as early as 2021, regardless of how steep the initial fall is,” Azevedo said.
 
 
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