WTO trade index hits a record low, signals that a global V-shaped recovery is unlikely - Business Insider

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WTO trade index hits a record low, signals that a global V-shaped recovery is unlikely

A World Trade Organization index tracking merchandise slumped to a record low in the second quarter, signaling that a V-shaped recovery is unlikely for global trade.

"The heavy economic toll of the COVID-19 pandemic suggests that the projections for a strong, V-shaped trade rebound in 2021 may prove overly optimistic," the WTO wrote

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