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WTO trade index rebounds, but forecasts likely year-end slowdown

WTO trade index rebounds, but forecasts likely year-end slowdown

November 20, 2020

BRUSSELS (Reuters) – The World Trade Organization said on Friday global goods trade had rebounded sharply in the third quarter from COVID-19 lockdowns, but forecast a slowdown at the end of 2020.

The WTO said its goods trade barometer had surged to 100.7 points from a record low of 84.5 points in August.

“The latest reading indicates a strong rebound in trade in the third quarter as lockdowns were eased, but growth is likely to slow in the fourth quarter as pent-up demand is exhausted and inventory restocking is completed,” the WTO said.

(Reporting by Philip Blenkinsop; Editing by Emma Farge)

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