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As per a report released by the United Nations Conference on Trade and Development (UNCTAD), the coronavirus pandemic has led to how much per cent drop in global trade in the first quarter of 2020?

As per a report released by the United Nations Conference on Trade and Development (UNCTAD), the coronavirus pandemic has led to how much per cent drop in global trade in the first quarter of 2020? Correct Answer 3

  • The coronavirus pandemic has led to a 3% drop in global trade in the first quarter of 2020 and this downturn is expected to accelerate in the next quarter to project a decline of 27%.
  • The United Nations Conference on Trade and Development (UNCTAD) said in a report that the drop in global trade was accompanied by marked decreases in commodity prices, which have fallen since December 2019.
  • UNCTAD: Headquarters - Geneva, Switzerland

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