Future of global trade remains deeply uncertain
West and south Asia saw the sharpest declines, with imports dropping by 23 per cent, and exports by 29 per cent.
recession
China’s economic recovery quickens as consumption returns
Policymakers globally are pinning their hopes on a robust recovery in China to help restart demand as economies struggle with heavy lockdowns and a second wave of coronavirus infections.
Global economy to contract by 5.2 per cent in 2020 as coronavirus continues to spread: Report
According to Dun and Bradstreet’s Country Risk and Global Outlook Report, that covered 132 countries, the wider global context remains sombre and the global economy will not reach pre-pandemic levels of activity again before 2022.