trade

How Has Covid Affected Global Trade?

July 26, 2021
British Reporter — Covid-19 (Covid) caused a significant decline in global trade in 2020, particularly in services trade. Also, imbalances in regional trade contributed to a significant rise in shipping costs. The Covid pandemic has caused significant disruption to global trade. In 2020, global trade fell by 8.9%, the steepest drop since the global financial crisis, Bank of England notes.

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