Global trade down 3 percent in Q1 2020: UN agency

Global trade down 3 percent in Q1: UN agency

World merchandise trade is seen down three percent in the first quarter of 2020 from the last three months of 2019 due to the coronavirus pandemic, the United Nations Conference on Trade and Development (UNCTAD) said on Wednesday.

The UNCTAD report forecasts that global trade will down a further 26.9 percent in the second quarter.