Tag: COVID-19
East Asia drives trade, mfg recovery—UNCTAD
Global trade recovered in the fourth quarter of 2020, reducing overall decline in 2020 to about 9% on strong trade in goods,...
ASEAN commits to seamless flow of essential goods during pandemic
ASEAN member economies have agreed not to impose restrictive trade measures on essential goods and supplies in the region during the pandemicThey...
Services trade logs record 30% decline in Q2
Global services trade plunged to a new record low since its 17% contraction in Q2 2009Declines were recorded across all regions and...
US power in Asia-Pacific waning—report
The United States remains the most powerful country in Asia but its relative power has waned in 2020 due to its handling...
COVID-19 has changed shopping behavior for good, survey finds
The COVID-19 pandemic is accelerating the shift towards a more digital world and permanently changing shopping behavior, a recent online consumer survey...
Q2 world goods trade dives in volume, value amid lockdown
Strict COVID-19 containment measures imposed by economies around the world throughout the second quarter caused merchandise trade volumes to decline by 14.3%...
COVID-19 crisis raising trade costs—WTO report
The World Trade Organization (WTO) in a new report is warning of possible increases to trade costs due to responses, policies, and...
71% of new trade related measures imposed linked to pandemic—WTO report
About 363 new trade and trade-related measures were implemented by countries worldwide from mid-October 2019 to mid-May 2020, of which 71% were...
Asia to see slow, partial recovery in 2021—IMF forecast
Asia’s gross domestic product (GDP) is expected to contract for the first time in recent memory by 1.6% in 2020, a further...
WTO goods barometer flashes red as COVID-19 disrupts world trade
The volume of world merchandise trade is likely to fall precipitously in the first half of 2020 as the COVID-19 pandemic disrupts...
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