The UN predicts a quarter-on-quarter international trade decline of 27 percent in the second quarter due to the COVID-19 pandemic. In a report released Thursday,... the UN Conference on Trade and Development said this is an accelerated drop from the previous quarter which saw a 5 percent decrease. Meanwhile, the GDP of the world's twenty largest economies fell by 3-point-4 percent in the first three months of the year,... the largest contraction since related data were first compiled in 1998. According to the OECD,... this is comparable to the 1-point-5 percent drop in the GDP of G20 nations in the first quarter of 2009,... at the height of the global financial crisis.
