Global economy

Covid-19 impacts continue to weigh down on international trade

23/07/2020 JPG

International trade remained close to Covid-19 lows in May 2020 despite a general easing in lockdown measures across the world. While tentative signs of recovery are appearing in some economies, particularly in Asia and to a lesser extent in Europe, international trade continues to contract in the Americas. Preliminary data for June confirm that any recovery remains fragile and susceptible to setbacks in containing the pandemic.

See International Trade Pulse, OECD.