Coronavirus disrupts world trade, wipes US$50bn off global exports- UNCTAD

GLOBAL – The slowdown of manufacturing in China due to the Coronavirus (COVID19) outbreak is disrupting world trade and could result in a $50 billion decrease in exports across global value chains, according to new UNCTAD estimates. UNCTAD (the UN Conference on Trade and Development) attributes this decline partly to the virus containment measures in China – where the outbreak emerged in late December. The UN body says that these measures have already caused a “substantial decline in output” and as a result adversely affecting global trade. Those worst hit…

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