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)