With the growing Covid-19 pandemic and associated lockdown measures affecting economies, global trade is expected to see a year-on-year drop of around 18.5% in the second quarter of 2020, said the, said the World Trade Organisation (WTO) in a new report. However, rapid government responses helped temper the contraction, and WTO economists now believe that while trade volumes will register a steep decline in 2020, they are unlikely to reach ...