World Trade Org Warns What Coronavirus Pandemic Could Mean For The US
World Trade Org Warns What Coronavirus Pandemic Could Mean For The US

The World Trade Organization says that due to the coronavirus pandemic, global trade is likely to fall between 13% and 32%.

According to Business Insider, the WTO warns that in a worst-case scenario, the drop in international trade could cause another Great Depression.

WTO officials expect trade to bounce back in 2021.

However, recovery isn't likely to come until households and businesses suffer "painful consequences.