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
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
South Africa South Africa Latest News, South Africa South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Inside the French Riviera's pandemic party problem - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. Houston we have a problem.... or in this case, France. 25 guys and only one woman, huge problem.
Source: BusinessInsider - 🏆 729. / 51 Read more »
US dollar hits 2-year low amid virus struggle, funds' short interest - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The US Fed needed to engineer a yield curve collapse. That's why the dollar is falling. Now that ust yields have fallen, the other central banks can collapse their yield curves further. Stop with the political red herrings.
Source: BusinessInsider - 🏆 729. / 51 Read more »
The pandemic bull market: S&P 500 closes at record highThe S&P 500 closed at a record high on Tuesday, rebounding from huge losses triggered by the coronavirus pandemic and crowning one of the most dramatic recoveries in the index's history. Cool, the rich get richer while tend of millions of average Americans are still out of jobs Meanwhile the poor get poorer. Trump looking after his own. How can ordinary Americans believe him.? Thanks FED, who knew they could control the entire game?
Source: Reuters - 🏆 2. / 97 Read more »