WTO measures record-low global goods trade, sees no signs of ‘bottoming out’

Global merchandise trade is set to continue plummeting -- and the slump is showing no sign of recovery, the World Trade Organization announced this week. This month’s WTO “ Goods Trade Barometer ” was set at 87.6, down dramatically from the 95.5 recorded in February. The level marks the lowest value on record since the barometer was launched in July 2016. “The volume of world merchandise trade is likely to fall precipitously in the first half of 2020 as the...