WTO Forecasts 2020 Global Trade to Fall 13 to 32 Percent Due to CCP Virus

WTO Forecasts 2020 Global Trade to Fall 13 to 32 Percent Due to CCP Virus
Shipping containers from China and Asia are unloaded at the Port of Los Angeles in Long Beach, Calif., on May 14, 2019. Mark Ralston/AFP/Getty Images
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News Analysis
The World Trade Organization (WTO) says it expects global merchandise trade for this year to decline anywhere between 13 percent and 32 percent because of the CCP virus pandemic.