In its annual forecasts, published on Wednesday 8 April, the World Trade Organisation (WTO) expects a fall in world trade of between 13% and 32% in 2020, according to its COVID-19 health crisis exit scenarios.
A contraction in trade probably greater than the one caused by the 2008 financial crisis.
"These numbers are ugly – there’s no way around that”, the organisation’s director-general, Roberto Azevêdo, admitted the same day during a video conference. But he wants to believe...