India  
 
NewsR.in

World Trade Org Warns What Coronavirus Pandemic Could Mean For The US

Video Credit: Wochit News - Duration: 00:38s - Published
World Trade Org Warns What Coronavirus Pandemic Could Mean For The US

World Trade Org Warns What Coronavirus Pandemic Could Mean For The US

The World Trade Organization says that due to the coronavirus pandemic, global trade is likely to fall between 13% and 32%.

According to Business Insider, the WTO warns that in a worst-case scenario, the drop in international trade could cause another Great Depression.

WTO officials expect trade to bounce back in 2021.

However, recovery isn't likely to come until households and businesses suffer "painful consequences.


You Might Like


Related videos from verified sources

COVID-19 Pandemic Forces Cancellation Of Little League World Series For First Time [Video]

COVID-19 Pandemic Forces Cancellation Of Little League World Series For First Time

For the first time in nearly 75 years, there will be no Little League World Series. The COVID-19 pandemic has forced the cancellation of the Little League World Series for the first time. Katie..

Credit: CBS Dallas Digital     Duration: 00:28Published
COVID-19 Shutdown Leads to Record Decline in CO2 Emissions [Video]

COVID-19 Shutdown Leads to Record Decline in CO2 Emissions

With the world largely shut down during the pandemic, harmful carbon dioxide levels are expected to drop past previous record marks set. Veuer’s Justin Kircher has the story.

Credit: Veuer     Duration: 00:54Published
State Dept. Spox: Demanding Coronavirus Info From China Not Part of 'Blame Game' [Video]

State Dept. Spox: Demanding Coronavirus Info From China Not Part of 'Blame Game'

Accusations are flying between U.S. and Chinese officials over how each country is handling the coronavirus pandemic. U.S. Secretary of State Mike Pompeo told Fox News on Wednesday that the Chinese..

Credit: Cheddar Inc.     Duration: 03:02Published