Global Trade Plunged by Record During Peak of Virus Lockdowns



Feral O'Brien | Bloomberg

Global trade suffered a record plunge at the peak of the lockdowns to contain the coronavirus, dropping by more than 12% in April alone.

With factories, airports and offices shut and movement and international travel restricted, trade was down 16% compared with a year earlier, the CPB Netherlands Bureau for Economic Policy Analysis said Thursday. Three-month figures, which the CPB uses to gauge momentum, dropped 7%.

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