MANAMA: Global trade is expected to drop by 20 per cent this year as economies struggle to recover from lockdowns imposed due to the Covid-19 outbreak, says a new report by Unctad.
The main UN body dealing with trade, investment and development issues expects the nosedive in merchandise trade to continue in the coming months after it fell by 5pc in the first quarter and points to a 27pc drop for the second quarter .
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