Tag: COVID-19
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...
PH eyes tariffs to boost COVID war chest
The Philippine government is considering imposing tariff on certain import goods to raise revenues amid the coronavirus (COVID-19) pandemic, according to Trade...
COVID-19 triggers massive decline in global trade, UNCTAD data shows
The coronavirus pandemic cut global trade values by 3% in the first quarter of this year, according to...
Survey reveals COVID’s “very disruptive” effect on supply chains
The coronavirus disease (COVID-19) pandemic has been “very disruptive” to supply chains, according to results of a survey...
National trade facilitation committees lead reforms, respond to COVID-19
Trade facilitation reforms are at the heart of countries’ responses to the economic slowdown, disruptions to global supply chains and shutdown of...
