FILE PHOTO: The World Trade Organization (WTO) logo is pictured in front of their headquarters in Geneva, Switzerland, October 28, 2020. REUTERS/Denis Balibouse
August 18, 2021
BERLIN (Reuters) – The World Trade Organization said on Wednesday its global goods barometer hit a record high, confirming the strength of trade’s recovery after the deep shock caused in 2020 by the COVID-19 pandemic.
The Geneva-based body said its goods trade barometer rose to 110.4 points, the highest since the indicator was first released in July 2016 and up by more than 20 points year-on-year.
“The rise in the barometer reflects both the strength of current trade expansion and the depth of the pandemic-induced shock in 2020,” the WTO said on its website, adding the outlook for world trade continues to be overshadowed by downside risks.
(Reporting by Madeline Chambers and Thomas Escritt)
Source: One America News Network
