Decrease in WTO's Trade Barometer!

Decrease occured in WTO's Trade Barometer. The World Trade Organization had a record decline due to the Commodity Trade Barometer, coronavirus outbreak, published since 2016. The World Trade Organization (WTO) announced the Global Commodity Trade Barometer Report. According to this report, the Merchandise Barometer, which was 95.5 in February, dropped to 87.6 in May. Readings greater than 100 in the barometer indicate that there will be growth above the trend, while readings below 100 indicate growth below the trend. In the report of the World Trade Organization, it was pointed out that the barometer published since 2016 has fallen to its lowest level, and this indicates that the rapid contraction in global trade will extend to the second quarter of the year. In the report, which was pointed out that the barometer published today indicates the early stages of the coronavirus epidemic, it was also noted that the decline in global trade has not yet hit bottom. In the report announced by the WTO on April 8, 2020, the report reminded that the world commodity trade may decline between 13 and 32 percent this year, depending on the duration of the epidemic and the effectiveness of the policy response, the new reading in the barometer is consistent with this estimate.