June 23, 2020 / 8:22 AM / 12 days ago

WTO less downbeat on trade for 2020, more muted for 2021

BRUSSELS, June 23 (Reuters) - The World Trade Organization said on Tuesday that global merchandise trade would likely fall by less than its worst case scenario this year due to the COVID-19 pandemic, but an expected pick-up in 2021 year could fall short of expectations.

The Geneva-based body in April forecast that global trade in goods would fall by between 13% and 32% in 2020 before rebounding by between 21% and 24% in 2021. (Reporting by Philip Blenkinsop; Editing by Emma Farge)

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