Economy
April 9, 2020
WTO: Pandemic Trade Numbers “Ugly”
Written by Sandy Williams
In a new trade outlook by the World Trade Organization, WTO Director Roberto Azevêdo called the global economic situation “ugly.”
“The unavoidable declines in trade and output will have painful consequences for households and businesses, on top of the human suffering caused by the disease itself,” said Azevêdo. “The immediate goal is to bring the pandemic under control and mitigate the economic damage to people, companies and countries. But policymakers must start planning for the aftermath of the pandemic.”
