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Representative image. Credit: iStock Photo
The World Trade Organization said on Tuesday that global merchandise trade would likely fall by less than its worst-case scenario this year due to the Covid-19 pandemic, but an expected pick-up in 2021 year could fall short of expectations.
The Geneva-based body in April forecast that global trade in goods would fall by between 13% and 32% in 2020 before rebounding by between 21% and 24% in 2021.
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