Trade in many developing countries projected to ‘nosedive’, warns UNCTAD

Trade in many developing countries is expected to take a “nosedive” in the second quarter of 2020, owing to the unprecedented effects of the coronavirus pandemic, UN economists said on Tuesday.

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COVID-19 hits trade in Asia-Pacific, but impact ‘less bad’ than elsewhere

22 Dec 2020

Despite a sharp fall in global trade in 2020 due to the coronavirus pandemic and lingering trade tensions, Asia and the Pacific is expected to perform relatively “less bad” than the rest of the world, the United Nations development arm in the region said on Tuesday. 

World trade reaches all-time high, but 2022 outlook ‘uncertain’: UNCTAD

30 Nov 2021

Global trade is expected to be worth about $28 trillion this year - an increase of 23 per cent on pre-pandemic levels - but the outlook for 2022 remains very uncertain, UN economists said on Tuesday.

Global trade expected to slow, after record high of $28.5 trillion in 2021

17 Feb 2022

Global trade reached a record high in 2021, but it is expected to slow this year for many reasons including continuing delays in global supply chains, UN economists said on Thursday.